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Elon Musk scraps days off for Twitter employees

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2 years ago

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Elon Musk scraps”days of rest” for Twitter employees in his latest shakeup since becoming ‘Chief Twit’

Elon Musk scraps Twitter’s so-called “days of rest” for employee are no more, as he continues to make his mark on the tech giant.

The Covid policy gave each staff member a day off per month, in addition to normal paid time off.

It was designed to help reduce burnout among employees as the pandemic took its toll.

But sources now say Musk has black-lined this policy, with the change just the latest indication that the Tesla boss wants to set new standards for Twitter’s internal culture.

Musk is also reportedly planning to lay off around half of the company’s 7,500 employees, with impacted workers expected to be notified by Friday.

This move was expected with revelations Musk is concerned he had overpaid for the company.

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William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Warner Brothers & Discovery considers splitting up to boost stock value

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1 week ago

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July 19, 2024

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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1 week ago

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July 18, 2024

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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1 week ago

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July 18, 2024

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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