Elon Musk, the multi-billionaire has acquired the position of Twitter’s chief executive after scoring the firm in a $44bn (£39.3bn) deal back on October 27. He eliminated around 3,700 jobs on the social media platform which is calculated worth half of its workforce. Some news reports state that this layout is done without enough notice beforehand in violation of federal and California law.
According to the ex-employees, no provident notice was ensured under US federal law over job losses. Now, Twitter is confronting a class action lawsuit from former employees who had lost their jobs. They came to know about this kick-off when they were exempted from their work accounts on Thursday.
As Usual Humorous Reply
Also, Elon Musk exclusively made an announcement a day later with a tweet saying “the bird is freed”. Soon after this statement, Twitter was crowded with many discussions, tweets, and talks about the careless decision made. Later, the director of product management at Twitter [Crawford] replied on a Twitter thread saying “When your team is pushing round the clock to make deadlines sometimes you #SleepWhereYouWork”.
Of couse, after this dramatic coup of the micro-blogging site, the internet is stuffed with talks about the company’s future and working style. As per the reliable news agency, an email has already been shot out to the employees briefing them about the leaving process, the temporary closure of offices, and restricting staff access. This has engrossed uncertainty about the employees and upcoming tenure under Mr. Musk. Meanwhile, amid this dismissal news, Musk expressed his views on “tiny talk”.
Despite the curiosity in the air, some users are pounding him for carrying the sudden mass layoffs. The billionaire has hitherto fired top management work employees including Twitter ex-legal head Vijaya Gadde and ex-CEO Parag Agrawal. The notice says that the federal Worker Adjustment and Retraining Notification Act moderates conglomerate firms to mount mass layoffs without giving at least 60 days of prior notice.
In fact, the lawsuit requests the court to circulate an order entailing Twitter to accept and follow the WARN Act. This will keep the company under control from soliciting employees to immediately sign documents that could despair their right to join the litigation.
Past Claims Remind of Musk’s Current Actions
This event reminds me of Liss-Riordan suing Tesla Inc. over a similar allegation in June. This incident occurred when Musk directed an electric-car maker to lay off around 10% of its workforce.
Instead, Tesla secured a ruling hand from a federal judge in Austin pressuring the workers to chase their claims in closed-door arbitration rather than in an open court. Elon Musk expressed this Tesla lawsuit as “trivial” while mentioning it with John Micklethwait [Editor-In-Chief at Bloomberg] back in June.
Elon Musk is now actually known for his humorous replies as he recently responded to Alexandria Ocasio-Cortez – an American politician mocking Musk to charge $8 for blue tick. He then took it out saying “Your feedback is appreciated, now pay $8” and instantly posted a screenshot of her website imposing $58 pointing out that Musk is charging way much less than Cortez.
Twtzer Is a New Social Media Talk
The talks have motivated some more organisations to come up with an idea to ease the difficult times. It is said that the implementation of the Internet’s next version will endeavor its fundamentals in the Blockchain and ongoing cryptocurrency space. While scrolling, I would like to share a decentralized operating model sharing some vital points of view as Twitter.
However, this cannot be considered way too simple being the next playground of VC structures. All such upcoming social media applications are registered under the umbrella term “Web3 metaverse” which is trending its way out.
You can navigate through this information about a new version of social media following the successful footsteps of Twitter- TWTZER. The team has just announced the imminent inauguration of the beta version of the social network “TWTZER”. This application is designed to overcome the existing complexities and forthcoming unfair problems in centralized social media.
To briefly talk about Twtzer- it is a blockchain-operating social networking project, building a twitter-like social network entirely decentralized, unbiased, and accessible to everyone free of cost. The application is secured by utmost blockchain security layers, tackled adroitly on smart contracts, and designed to serve fair freedom.
The Twtzer app will be initially available for Desktop, iOS, and Android. This application will enable users to freely post content with consent, properly engage with the audience, strengthen their profile by getting “ a Dark Blue tick “ , link wallet for instant real-time transactions, and provide Ads with additional services to organisations.
What’s Interesting is ! The IPO of Twtzer on Wed 9th Nov
The project whitepaper tells about the distribution of 49% of equity in an IPO program. So, you can try this new platform, reserve TWTZ tokens offered by the entire ecosystem, and earn dividends for Lifetime. The Presale will run for 25 Days or after closing the Hardcap
As of now, Twtzer will host a crowdfunding event where 49% of the total shares are allocated to the overall audience. The rest of the shares are kept aside for liquidity, development, team and locking of the protocol’s purposes.
The initial buyers or holders of TWTZ assets will have the opportunity to reserve lifetime shares and acquire dividends of application revenue. You can surely give it a try as this seems the next social media booster after Twitter’s rolling news.
You can find Twitzer on https://twtzer.com/