Category: investments

Elon Musk Is Making Good on His Promise To Cut 75 Percent of Twitter Workers

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Elon Musk Is Making Good on His Promise To Cut 75 Percent of Twitter Workers

Elon Musk sent it correspondence to employees on behalf of Twitter that on November 4 by 9 AM everyone will receive an email letting them know if they are terminated or not.

Nonetheless, the confirmation comes a week after Elon Musk became Twitter’s new owner and quickly started changing how the company operates and its product roadmap.

“We acknowledge this is an incredibly challenging experience to go through, whether or not you are impacted,” the memo reads. “Thank you for continuing to adhere to Twitter policies that prohibit you from discussing confidential company information on social media,with the press or elsewhere. “

The memo reads:

Team,

In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday. We recognize that this will impact a number of individuals who have made valuable contributions to Twitter. But this action is unfortunately necessary to ensure the company’s success moving forward.

Given the nature of our distributed workforce and our desire to inform impacted individuals as quickly as possible, communications for this process will take place via email. By 9AM PST on Friday Nov. 4th, everyone will receive an individual email with the subject line: Your Role at Twitter. Please check your email, including your spam folder.

The message goes on to say:

– If your employment is not impacted, you will receive a notification via your Twitter email.

– However, if your employment is impacted, you will receive a notification with next steps via your personal email.

– If you do not receive an email from twitter-hr@ by 5PM PST on Friday Nov. 4th, please email peoplequestions@twitter.com.

To help ensure the safety of each employee as well as Twitter systems and customer data, our offices will be temporarily closed. And all badge access will be suspended. If you are in an office or on your way to an office, please return home.

We acknowledge this is an incredibly challenging experience to go through, whether or not you are impacted. Thank you for continuing to adhere to Twitter policies that prohibit you from discussing confidential company information on social media, with the press or elsewhere.

We are grateful for your contributions to Twitter and for your patience as we move through this process.

In a tweet, Mr. Musk said he didn’t buy the firm “to make more money. I did it to try to help humanity, whom I love”.

Elon May Be Taking a Hit Financially

Undoubtedly shares of Tesla Inc., which comprises the bulk of his net worth, traded as low as $186.75 intraday Tuesday. Thus, investors question whether the billionaire is spreading himself too thin among his many high-profile ventures. 

Jay-Z Fights Back For Jailed Man For Weed

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Jay-Z is less than thrilled that a man is serving 14 years over some weed; and one of the reasons for him still being there is from a leftover chicken meal. Talk about unfair treatment.

Jay’s Team Roc is upholding the case for Valon Vailes, 56, who was convicted in 2007;and currently serving a 20-year prison sentence for intent to distribute more than a ton of weed.

Valon Vailes, serving prison sentence for weed and chicken

And while his attorney vouched saying he meets the terms for compassionate release, he’s still nonetheless in prison. Meanwhile, Vailes reached out to the ‘99 Problems’ rapper to help in his legal turpitude; obviously seeking a lesser sentence. But in recent court docs, Team Roc says the feds wont budge over some “ticky-tac” prison offenses.

Moreover, Vailes attorney; Alex Spiro; says that the federal government has denied the request because he “snuck some leftover chicken from the prison mess hall to his cell.” Additionally, the feds are alleging that Vailes is also being punished for using a piece of his prison uniform as “workout equipment.”

Meanwhile Jay-Z has had his own battles to fight as he just recently got out of court from fighting a perfume company. Neither Jay-Z or the fragrance brand won. They both walked out the same way they went in. But we know the HOV rapper doesn’t sit down when it’s time to stand up. Especially when it comes to the culture.

Jay Z is Just An All Around Boss

Moreover, as a business mogul and billionaire entrepreneur, Jay has hands in several investments, including marijuana. In October, the ‘Holy Grail’ hitmaker invested in Flowhub; a Denver-based cannabis point-of-sale software company. He participated in a $19 million strategic funding round, which values the company at $200 million. But instead of selling gummies and pre-rolls, he takes a different route and invests in helping marijuana dispensaries process payments.