According to people familiar with the matter, Musk told employees that he wouldn't lay off 75% of the staff when he takes over the company.
This is not the same as what Musk said a week ago. The celebrity executive denied the number when he spoke to employees at the office.
The chief twit posted a video of himself walking into the office before the meeting with the caption "Let that sink in!"
Musk casually mentioned that he would be laying off staff when he took over the company. Losing 75% of the staff would leave the social media company in a bad position.
According to the report, employees are still concerned about expected staff cuts.
Redstone and EnjoyVenture have combined forces to create Human Impact Capital (HIC), Germany’s first dedicated scial impact VC fund. The fund will deploy cash into digital business models focusing ...Smartphone shipment is often seen as the bellwether of China’s consumer spending, and right now, the picture isn’t very rosy. The world’s largest market for smartphones shipped 17...India’s Money View is in talks to raise a new round of funding at a unicorn valuation, two sources familiar with the matter told TechCrunch, in a boost to the local fintech community that has...2050 is an important year for climate tech, with the Paris Agreement calling for emissions to reach net zero by then. In a conversation with GenZero’s Frederick Teo for SOSV’s Climate Tech Summit, ...On today’s quarterly earnings call, Meta founder and CEO Mark Zuckerberg was on the defensive when it comes to the company’s investment in the metaverse. Once again, the company lost mo...Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
A follow-up to the Quest 2, Meta is launching another consumer-grade virtual reality headset next year. The company announced this during today’s Q3 earnings call, in which the company marked...As the third-quarter earnings drumbeat continues, we learned more about the state of global supply chains, global consumer appetite for big-ticket items and the future of self-driving technology. A...Earlier this year, Meta posted its first quarterly revenue decline. Once again, Meta’s financials aren’t inspiring much faith in its investors this quarter. Meta’s revenue decline...In tech, emerging trends usually elicit excitement and surprise, whether it’s the hot new sector that every venture capitalist is clamoring for a stake in, or the rise of a new technology you haven...Having noticed tailwinds for B2B startups that offer cloud cost-optimization solutions, we were curious to know where VCs thought the space was headed.
Tesla is said to be facing a criminal investigation launched by the U.S. Department of Justice facing claims made by the company regarding its “Autopilot” capabilities, Reuters reports,...Amazon has quietly mothballed its pledge to stop supporting politicians who refused to certify the 2020 election. The company, like many, said it would suspend donations to those who participated i...Shortly after changing his bio to “Chief Twit,” Elon Musk posted a video of himself walking into Twitter’s San Francisco headquarters. “Entering Twitter HQ — let that ...Argo AI, an autonomous vehicle startup that burst on the scene in 2017 stacked with a $1 billion investment, is shutting down — its parts being absorbed into its two main backers: Ford and VW, acco...It’s been four years to the day since Microsoft closed its acquisition of GitHub, which at the time was mostly a code repository. Today’s GitHub looks quite a bit different, now that it...Elon Musk’s on-again off-again plan to buy Twitter is on track to culminate in the billionaire taking control of the company this week. Musk is expected to close the deal by Friday, October 2...While climate tech may be all the rage right now — and for good reasons — new Paris-based VC firm Satgana (which means “a good company” in Sanskrit) is hoping its take on the subject will gain trac...Given the ever-changing state of the world’s economy this year, the information that Big Tech earnings provide is even more important than usual.
All Rights Reserved © 2024
