About 4400 outsourced Twitter employees have been laid off, and the layoffs are expected to have a significant impact on content review and core infrastructure services, according to Platformer, a US technology website. In addition, the US consumer news and business channel (CNBC) confirmed that a large number of Twitter outsourced employees found themselves abruptly fired over the weekend without notification from the internal team because they could not access the work system. As of press time, Twitter and its new boss, Elon Musk, had not responded to the report.

Twitter had about 2000 employees before it went public in 2013. According to the company's filings with the Securities and Exchange Commission (SEC), the company had about 7500 full-time employees at the end of last year. Since Musk bought Twitter for $44 billion on Oct. 28, the company has cut about half of its jobs, or about 3700 people. The employees who were laid off this time were mainly from Twitter's outsourcing companies, mainly for content review, with a total of about 5500. This means that 80 per cent of the outsourced staff will be laid off.

When Musk announced the layoffs on Nov. 4, he said that in the face of losses of more than $4 million a day, the company had no choice but to cut jobs. But he stressed that each employee would be compensated for three months when he left, which is 50 per cent higher than the law.

Musk also stressed that he had sold billions of dollars worth of Tesla, Inc. shares to "save" Twitter. However, due to the current economic downturn, advertisers have stopped or suspended advertising on Twitter because of the acquisition, so the social media company is not without the possibility of bankruptcy.

Talk to Twitter employees: "only paranoia can survive."

Musk had a conversation with employees for the first time since joining Twitter last Wednesday. He mentioned many times that he wanted to "slim down" the company. Musk says he doesn't have a good answer to how tech companies should retain good employees. But he stressed that working in the offices of SpaceX and Tesla, Inc., people are the core of the company, and a small number of people can do a lot of work. For example, Tesla, Inc. 's autopilot AI team, which has about 150 engineers, outperformed the competitor's team of 3000 engineers. He firmly believes that a small number of good people will be better than a large number of "not bad" employees. Twitter is a good choice for these hardcore players, while Twitter is not suitable for others to the contrary.

When asked why the company continues to lay off employees when it is understaffed or even unable to maintain normal operations, Musk stressed that he is not trying to increase turnover, nor does he think there is a problem of understaff. even Twitter has too many employees.

He believes that basically every company is laying off staff, not just Twitter. The advertising industry has been particularly affected in the recession. Advertisers cannot clearly track how much they spend and what effect they have on advertising, which is why so-called brand advertising will be more affected. From a revenue perspective, this puts Twitter in a very bad position.

He said he even sold a lot of Tesla, Inc. 's shares in order to save Twitter. Not because of the lack of confidence in Tesla, Inc., but because of the hope to save Twitter. As a social media company, the reason for choosing core users is to stay alive. There may be a severe recession of a year or two in the future, but the company will survive. That's why he gave priority to layoffs.

Musk stressed once again that he had experienced recessions in 2000-2001 and 2008-2009, and that he had post-traumatic stress disorder. He saved SpaceX and PayPal Holdings Inc in the 2000 recession and Tesla, Inc. in the 2009 recession. It is worth remembering that in 2009, General Motors Co and Chrysler both went bankrupt. Tesla, Inc. is a fledgling electric car company, but he did not die. In 2009, it was extremely difficult to survive. Part of the reason for survival is paranoia. It's like Andy Gross's famous saying: "only the paranoid can survive." Now, we have to become paranoid and survive.

American science and technology enterprises set off a wave of layoffs

After a quarterly reporting period that disappointed investors, a number of US technology companies have begun, or are ready to start, layoffs.

On Nov. 9, Facebook's parent company Meta announced that it would cut 11000 jobs, or about 13% of the team's size, the first large-scale layoffs in the company's history. CEO Zuckerberg said Meta's core advertising business was subject to privacy changes by Apple Inc, tighter budgets by advertisers and competition from TikTok's short video platform, which led to a sharp drop in Meta's revenue in the second quarter and halved its profit from last year. Meta's market capitalization exceeded $1,000bn last year and has since fallen to about $250 billion. The layoffs will affect many aspects of the company, and Meta's hiring team will be particularly hard hit because they plan to hire fewer people next year.

According to the American human resources organization Challenger, Gray & Christmas Inc. The latest figures show that the number of layoffs in the US technology industry reached 9587 in October, up 13 per cent from September and 48 per cent from October last year. So far this year, 28207 jobs have been cut, an increase of 162 per cent over the figure announced in the same period last year.

Lyft, a US ride-hailing platform, and Stripe, a payments company, have both announced major layoffs. Of these, Lyft expects to cut 13% of its jobs, affecting nearly 700 jobs. Stripe will lay off about 14 per cent of its staff and about 1000 jobs.

In addition, entertainment giant Warner Walt Disney Company CEO Bob Chapek (Bob Chapek) recently issued an internal memo to the company's top executives, saying that the coming weeks will be very difficult. Chappec said the company would plan layoffs, implement a targeted recruitment freeze and restrict travel, thereby reducing costs. At the same time, Walt Disney Company will also set up a new "cost structure task force" to strictly examine the company's internal content and marketing expenses, in order to reduce unnecessary expenses.

Large technology companies such as Apple Inc, Amazon.Com Inc and Alphabet Inc-CL C's parent company, Alphabet, have either slowed down or suspended hiring.