TWITTER began notifying employees affected by a far-reaching round of job cuts, and some learned they’ll be paid for two months. As this was happening, the new owner, Elon Musk, said the business experienced a “massive drop” in revenue as many advertisers withdrew…
Musk plans to eliminate half of Twitter’s workforce to slash costs at the social media platform he acquired for $44 billion last month, people with knowledge of the matter have said. The company must also find ways to cope with interest costs on a massive debt pile…
A coalition called #StopToxicTwitter — made up of more than 60 civil rights groups, including the Anti-Defamation League and Accountable Tech — said on Friday it plans to escalate calls to Twitter advertisers that they stop buying ad space on the platform in the wake of Musk’s sweeping layoffs.
“We are witnessing the real-time destruction of one of the world’s most powerful communication systems,” said Jessica J. González, co-CEO of Free Press, one of the advocacy groups in the coalition. “Elon Musk is an erratic billionaire who’s dangerously unqualified to run Twitter.” Gonzales said the groups were stepping up their campaign in response to Musk’s failure to uphold his commitment to take the measures that would prevent Twitter from becoming a superspreader of racism and disenfranchisement.
I second that emotion!
Eideard 
“What’s happening to Twitter? Fears of a platform on the brink as offices shut down, chaos ensues
The future of the social media site is in question after weeks of mismanagement by new owner Elon Musk.” https://www.fastcompany.com/90813862/twitter-closing-update-musk-news-whats-happening
“The best people are staying, so I’m not super worried,” Musk wrote in a post on Twitter, in response to questions over whether the platform can continue to run given the resignations. Reportedly Musk may lose as much as 75 percent of Twitter’s workforce today after hundreds of employees resigned overnight.
“Elon Musk, Twitter’s new owner, is considering laying off more employees, just weeks after he laid off half the company’s workforce, reports Bloomberg. The company’s operations have also been impacted after a staff exodus over Elon Musk’s ultimatum: either work in a “hardcore environment” or leave.
The fresh job cuts are expected to target employees in the sales and partnership teams of Twitter, according to Bloomberg. The report adds that the layoffs could be announced as soon as tomorrow.
Musk, the world’s richest man, asked the team leads in those departments to agree to fire more employees. Robin Wheeler, who ran marketing and sales, refused to do so, the report said. So did Maggie Suniewick, who ran partnerships. Both lost their jobs, as a result, reports Bloomberg.
Twitter, which no longer has a communications department, did not respond to a message sent to its press line.” https://www.ndtv.com/world-news/elon-musk-may-fire-more-after-twitter-employees-next-week-days-after-1200-resign-report-3537649
(Business Insider): “In early November, as mass layoffs began at Twitter and blue-check parodies were about to nuke the company’s advertising business, the new owner got a little dorm-roomy. At 1:13 a.m. on a Thursday, Elon Musk tweeted: “Because it consists of billions of bidirectional interactions per day, Twitter can be thought of as a collective, cybernetic, super-intelligence.” https://www.businessinsider.com/elon-musk-twitter-fail-collective-superintelligence-2022-11
“…The single most tantalizing piece of evidence supporting the proposition that Twitter is a positive, uplifted, emergent superintelligence comes, perhaps ironically, from what looks to be its final act: the fact that so many people are leaving it.”
(Guardian UK): “With most of Twitter’s employees gone, most of its know-how to prevent outages and failures during high-traffic events is also gone, as is most of its know-what is necessary to maintain and enhance computing architecture, most of its know-where to guard against cyber-attacks, and most of its know-why hate speech (and other awful stuff advertisers want to avoid) is getting through its filters and what to do about it.
Without this knowledge and talent, Twitter is a shell – an office building, some patents and a brand – without the capacity to improve or even sustain its service.
It’s unlikely to fail all at once, but bugs and glitches will mount, the quality of what’s offered will deteriorate, hateful tweets will burgeon, and customers and advertisers will flee.
As Richard Forno, assistant director of the Center for Cybersecurity at the University of Maryland told the New York Times: “It’s like putting a car on the road, hitting the accelerator, and then the driver jumps out. How far is it going to go before it crashes?” Robert Reich, former US secretary of labor. https://www.theguardian.com/commentisfree/2022/nov/21/elon-musk-went-on-a-firing-frenzy-at-twitter-now-hes-paying-for-it
(Wall Street Journal): “…Twitter no longer has to file regular financial reports to the Securities and Exchange Commission, which are crucial tools for determining a company’s financial health.
Analysts and academics have been able to piece together a picture of the company from information Mr. Musk has offered as well as details of the deal and the company’s last regulatory filings.
Here is a look at their assessments of Twitter’s financial situation and prospects:” https://www.wsj.com/articles/how-elon-musks-twitter-faces-mountain-of-debt-falling-revenue-and-surging-costs-11669042132