Bloomberg's Kamaron Leach joins Caroline Hyde and Ed Ludlow to discuss the latest wave of layoffs at Twitter as Elon Musk fired workers from the sales side of the social network's business beginning late on Sunday.

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Elon Musk has completed a $44 billion deal to buy Twitter after earlier court action to back out of the arrangement.

Twitter Takeover

Twitter lost five thousand workers since Musk takeover

What do we learn? Has been a lot has been happening over the past thirty-six to Forty-Eight Hours for employees at Twitter. We can say, even from my own reporting, starting off on Sunday, work is woke up to a 12 new calendar. Invite out Sunday morning and then buy a Midday Sunday. There was an all-hands meeting affecting. I bet she just trying to give a new direction for a Twitter was going to go by the time it came around to Monday. Work has had learned that they'd been fired. They have been let go with only until January that they'd get they'll still be paid and considered to be an employee as well too and maybe disaffected the cells came in. This came as a complete shock because it's instrument was that you know, they had been shielded from some of these layoffs that we have been reporting. Not only have our view is been watching this employee, that would have been watching her for any as well too because they didn't know what was coming up next. But the whole thought process and it said to me was that they wouldn't be affected by these layoffs, because one thing that's what I needed was Revenue in the sales, team was it Main driving force behind those things. So this came as a complete shock for a lot of workers employed in tunnel counter 2750. How do how much do we inherently? Need to support a overall social media and watches with it. It's going to be real consensus. Yammy, we've all been, you know, talking a lot of these, do, you know, technology companies in big tech companies and we know for sure that's what has been a revenue losing accompany for some time now and they've just had to cut that cause you know and I think they only got down to less than a billion just last year in 2021 and in that was over, they were losing about more than a billion dollars. So it's so much money that they have to cut. It seems like you on things. It's ours is the best way to do that by decreasing. Its headcount the will to death. He's spending over there. I think nobody knows where this roller coaster is headed next and everybody's on their toes. Walking on eggshells have been confused. What's going on? What is the sentiment among staff that elected Twitter? That you can, for those that are left, that's where they ask. You know, you're guessing the last segment said, they are still looking externally. They're keeping the training wheels going because there is no Direction. It seems to be a lot of confusion going forward. I spoke to a source earlier today, and it. There should be a final. All-hands meeting happened today, the kind of gives the direction words with a 2.0 will be going to probably those. Are they just only the staff members that I left and that you learn will be keeping with what that was supposed to be the dog with the last all-hands meeting. So you never know if this could be the next wonder if this could be the final one. So you nobody knows, we're sticking close to the situation and will want to turn on Bloomberg., as well.

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Twitter Takeover