Nigerian Canadian Newspaper Canada
For advert, please contact
publisher@nigeriancanadiannews.ca
1 (416) 318-3506
  • Home
  • World News
    • Africa
      • Nigeria
        • #EndSARS
        • #NigeriaDecides2019
        • Nigerian News
      • Ghana
    • North America
      • USA
      • Canadian News
    • Europe
  • Monthly Edition
  • Business
    • Business & Investment
    • Business News
    • Personal Finance
  • Government & Politics
  • Law
  • Opinion
    • Columnist
    • Editorial
  • Health
    • Canada Health
  • Lifestyle
    • Relationships
    • Technology
    • Religion
    • Sports
    • Beauty/Fashion
    • Family
    • Entertainment
    • Career
    • Food/Drinks
    • Home & Property
    • Social Phychology
  • Community
    • Churches
    • Events
    • Obituaries
    • Contact us
    • Archives
No Result
View All Result
  • Home
  • World News
    • Africa
      • Nigeria
        • #EndSARS
        • #NigeriaDecides2019
        • Nigerian News
      • Ghana
    • North America
      • USA
      • Canadian News
    • Europe
  • Monthly Edition
  • Business
    • Business & Investment
    • Business News
    • Personal Finance
  • Government & Politics
  • Law
  • Opinion
    • Columnist
    • Editorial
  • Health
    • Canada Health
  • Lifestyle
    • Relationships
    • Technology
    • Religion
    • Sports
    • Beauty/Fashion
    • Family
    • Entertainment
    • Career
    • Food/Drinks
    • Home & Property
    • Social Phychology
  • Community
    • Churches
    • Events
    • Obituaries
    • Contact us
    • Archives
No Result
View All Result
Nigerian Canadian Newspaper Canada
No Result
View All Result
Home Business & Investment

Musk reveals Twitter is roughly breaking even after laying off about 80% of staff

Nigerian Canadian Newspaper Canada by Nigerian Canadian Newspaper Canada
April 12, 2023
in Business & Investment
0 0
0

The CEO of Twitter, Elon Musk, has stated that the social media company is “roughly breaking even” as most of its advertisers have come back and its cost-cutting efforts have started yielding fruit after huge layoffs.

In a recent interview with the BBC broadcast live on Twitter Spaces, Musk said Twitter has about 1,500 employees, a huge reduction from “just under 8,000 staff members” it had before he acquired the company in October.

Twitter has encountered chaos and uncertainty since the $44bn acquisition by Musk, as its downsizing has also included many engineers responsible for fixing and preventing service outages.

Not long ago, Twitter encountered a bug that prevented thousands of users from accessing links, its sixth major outage since the start of the year, according to NetBlocks.

Musk confirmed some glitches which include recent outages, but revealed they did not last long.

While talking about its huge layoffs, Musk said Twitter was in a $3bn negative cash flow situation and had to take drastic action.

He said: “We could be cash flow positive this quarter if things go well.”

He added that the company has all-time high user numbers.

Twitter has encountered a huge decline in advertising since Musk took over.

Musk said the decline was due to the cyclical nature of ad spending and some of which was “political” and that most of its advertisers have returned.

SUPPORT NIGERIAN CANADIAN NEWSPAPER CANADA

If you like our work and want to keep enjoying what we offer, kindly support us by donating to the Nigerian Canadian News through the button below

Share your thoughts in the comments section below

Do you want to share any news or information with us? If yes, contact the publisher at publisher@nigeriancanadiannews.ca

Post Views: 1,681
Tags: Elon Musktwitter
ShareSendShareSend
Nigerian Canadian Newspaper Canada

Nigerian Canadian Newspaper Canada

Related Posts

Dangote Refinery begins operations
Business & Investment

Dangote Refinery begins operations

May 22, 2023
Vodafone to Cut 11,000 Jobs
Business & Investment

Vodafone to Cut 11,000 Jobs

May 18, 2023
‘I don tell my people to start listening to radio now cos this DSTV new price is not for me’- Nigerians react as MultiChoice increase prices of GOtv, DStv packages
Business & Investment

‘I don tell my people to start listening to radio now cos this DSTV new price is not for me’- Nigerians react as MultiChoice increase prices of GOtv, DStv packages

April 26, 2023
Next Post
Egypt fulfills the dream of 3 ailing Canadian children to see the pyramids

Egypt fulfills the dream of 3 ailing Canadian children to see the pyramids

Peter Obi Speaks At Chatam House (Video)

Chinyere Okunna reveals how Peter Obi was delayed and questioned by UK Immigration Officials over ‘Duplicate Identity’ in London

Arewa Elders caution Obi against plunging Nigeria into crisis

May 2023
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031  
« Apr    

Health

Lifestyle

Community

Sports

Worldwide

Contact Us

Quick Link

  • Home
  • Advertise
  • Careers
  • Monthly Edition
  • Home & Property
  • World News

Recent News

  • Prepare for wither season (Witherism Syndrome) by Pastor Amos Dada PhD; P. Eng May 29, 2023
  • Tinubu: Fuel subsidy is gone (Video) May 29, 2023
  • Obi urges his supporters to remain calm and law-abiding ahead of Tinubu’s inauguration May 29, 2023

© 2023 Nigerian Canadian Newspaper Canada. Powered by NASCI.

No Result
View All Result
  • World
    • Africa
      • Nigeria
    • North America
      • Canadian News
      • USA
  • Monthly Edition
  • Business
    • Business & Investment
    • Business News
    • Personal Finance
  • Government & Politics
  • Law
  • Opinion
    • Columnist
    • Editorial
  • Health
  • Lifestyle
    • Religion
    • Technology
    • Sports
    • Beauty/Fashion
    • Relationships
    • Food/Drinks
    • Home & Property
  • Community
    • Events
    • Churches
    • Obituaries

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Cleantalk Pixel
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT