Zuckerberg’s Meta Copies Musk’s Twitter Layoffs

Home » Technology » Zuckerberg’s Meta Copies Musk’s Twitter Layoffs Zuckeberg’s Meta will layoff thousands of workers this week. Elon Musk has begun firing about half of the workforce of Twitter. Twitter was losing $4 million per day. The layoff of 3500 workers enables Twitter to reduce the losses by $2 million per day. Twitter…
Zuckerberg’s Meta Copies Musk’s Twitter Layoffs


Zuckeberg’s Meta will layoff thousands of workers this week. Elon Musk has begun firing about half of the workforce of Twitter. Twitter was losing $4 million per day. The layoff of 3500 workers enables Twitter to reduce the losses by $2 million per day. Twitter will also need to get another $1 billion per year on interest for $13 billion in loans. [Corrected a miscalculation in the savings. Previously miscalculated $10 million per day in expense reduction.]

Meta layoffs will help Meta make money even while burning cash on the Metaverse.

The big money for X (renamed-Twitter) will be creator monetization and adding video to Twitter. This could be added relatively quickly.

Longer will be adding a payments system to it.

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