Twitter layoffs begin a week after Elon Musk's $44 billion takeover

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Twitter layoffs begin a week after Elon Musk's $44 billion takeover
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Twitter employees on Friday braced for widespread layoffs as part of new owner Elon Musk's broad overhaul of the social platform.

Many worry that the overhaul will lead to an explosion of hate speech and spam on the platform. Within just 12 hours of Musk's purchase being finalized Friday, references to a specific racist epithet used to demean Black people shot up by 500%, according to an analysis conducted by the Network Contagion Research Institute, a Princeton, New Jersey-based firm that tracks disinformation.As of Thursday, Musk and Twitter had given no public notice of the coming layoffs.

Barry C. White, a spokesperson for California's Employment Development Department, told the Associated Press Thursday the agency has not received any such notifications from Twitter. A class action lawsuit was filed Thursday in federal court in San Francisco on behalf of one employee who was laid off and three others who were locked out of their work accounts. It alleges that Twitter intends to lay off more employees and has violated the law by not providing the required notice.

Meta Platforms Inc., Facebook's parent company, recently posted its second quarterly revenue decline in history and its shares are trading at their . Meta's disappointing results followed weak earnings reports from Google parent Alphabet and even Microsoft.

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