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The Latest Breaking News from Twitter Inc.

Elon Musk defends Twitter layoffs, saying staff given three months’ pay

New owner says company is losing $4m a day as he tries to reassure advertisers over content moderation

The Guardian - UK

Twitter: Elon Musk Defends Deep Cuts To Company's Workforce

The billionaire Musk insisted in his own tweet that all those losing their jobs were offered three months of severance pay, "which is 50 per cent more than legally required". Read on for details:

Dynamite News

Twitter won't be reliable come midterms

After severe cuts to the platform's moderation staff, users are urged to be discerning when reading the "news"

Salon

From analysis to the latest developments in health,
read the most diverse news in one place.

Elon Musk defends slashing Twitter workforce

The social media company began widespread staff cuts around the world on Friday.

Evening Standard

Biden: Twitter Spews Lies Across the World

US President Joe Biden said on Friday that Elon Musk had purchased a social media platform in Twitter that spews lies across the world. "And now what are we all worried about: Elon Musk goes out and buys an outfit that sends - that spews lies all across the world……

Asharq Al-Awsat

Twitter’s mass layoffs, days before US midterms, could be a misinformation disaster

Internal chaos at the company – and the decimation of its staff – has created ideal conditions for falsehoods and hateful content

The Guardian - US

Scots nursery teacher resigns after posting pictures of son dressed as paramilitary soldier on Twitter

Catherine Forrest uploaded snaps of the boy in camouflage clothes, gloves and a balaclava, clutching a toy gun.

Daily Record

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Volkswagen Group Joins List Of Brands Pausing Twitter Advertising

Of course, this is in connection to the recent Twitter acquisition of Elon Musk.

Motor1

Sacked Twitter employees offered three-month payoff, says Elon Musk

Billionaire criticised after making widespread staff cuts since his takeover of the company

Wales Online

General Mills pauses its advertising on Twitter

As prominent advertisers and users warily watch what will become of Twitter under new owner Elon Musk, General Mills joined the list of corporations taking a break from advertising on it.

Tribune News Service

'While Londoners enjoy the £18.9bn Elizabeth Line, others make do with a rickety rail system'

While Britain’s bus services are being cut and routes cancelled because of a lack of investment and a shortage of drivers, travellers outside London have reasons to feel aggrieved

Daily Mirror

Lawyer suing Twitter over layoffs says Musk trying to comply

The lawyer who sued Twitter Inc. “pre-emptively” on the eve of mass layoffs by Elon Musk said she’s “pleased” to learn at least some employees will continue being paid until Jan. 4.

Tribune News Service

Twitter layoffs raise questions about future of infrastructure and moderation

With advertisers cutting ties and pressure to pay back loans worth $13bn, the new direction for revenue has come under questioning

The Guardian - US

Cryptocurrency News And Price Weekly Wrap-Up For Nov. 4, 2022

Cryptocurrency News Weekly Wrap-Up: Coinbase earnings; Binance's potential Twitter role; Elon pumps Dogecoin; Visa kicks it with Crypto.com

Investors Business Daily

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Dublin Live

Tanaiste Leo Varadkar reacts to 'hard day' as layoffs begin for Twitter's Irish staff

Over 500 people work at Twitter's offices in Dublin

Benzinga

What's Next For The Market After Aggressive Fed Rate Hike, Hot Jobs Report?

The SPDR S&P 500 ETF Trust (NYSE: SPY) lost 2.65% this week in the opening days of November after the Dow Jones Industrial Average gained 14% in October, its best month since 1976.

The Guardian - AU

Why do we have such low rental vacancy? It doesn’t mean a shortage of houses

A low rental vacancy rate doesn’t mean a lack of housing, just as the jobless rate doesn’t indicate a shortage of human beings

Salon

Twitter adds fact-check to Musk tweet

Days after his takeover, Musk is complaining that the company faces a “massive drop in revenue”

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news in one place.

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Daily Mirror

Elon Musk sacks thousands of Twitter staff in worldwide cull compared to brutal P&O cuts

An estimated 3,700 Twitter employees across the globe have been laid off by billionaire Elon Musk days after his £38billion takeover, with staff waking to find laptops wiped and their passes blocked

Dublin Live

Man arrested after Revenue officers seize €110,00 worth of illegal cannabis in Dublin

The seizure was made as part of ongoing investigations targeting persons suspected to be involved in an organised crime group operating in the Coolock area

Investors Business Daily

Twitter Layoffs Kick In, Combined With Massive Drop In Ad Revenue

Twitter layoffs began on a large scale Friday as the Elon Musk-owned social network is also experiencing a "massive drop in revenue."

Dublin Live

Dublin TikTok lawyer slams Twitter's 'redundancies by email' and gives stark warning

Hundreds of Twitter workers at their Dublin office received emails this morning

ABC News

How will Elon Musk juggle running Twitter with his interests in China?

Critics of the Chinese government are worried that Beijing will use Elon Musk's interests in China as leverage to have their voices silenced on Twitter.

Liverpool Echo

TikTok is down as thousands of users report problems

The app isn't loading for many users

Irish Mirror

Micheal Martin takes aim at Elon Musk over plan to lay off Irish Twitter workers

Following the billionaire’s takeover of the social media company, it was announced that hundreds of jobs around the world would be cut. Some 500 people are employed in Twitter’s Dublin office.

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