Elon Musk, the new CEO of Twitter, immediately began making significant modifications to the social network. In a widespread downsizing effort, he fired scores of Twitter employees, including managers and executives alike.
Additionally, he intends to charge $8 for the opportunity of having your blue tick verified.
Sources with knowledge of the situation claim that Elon Musk has now ordered the Twitter team to reduce infrastructure costs by up to $1 billion annually.
Reuters purportedly found the information in an internal Slack message.
This raises questions regarding Twitter’s usability during busy times like the US midterm elections.
According to the Slack post, Twitter intends to cut costs on its servers and cloud services by up to $1.5 million to $3 million each day. “Deep Cuts Plan” appears to be the name of this initiative.
According to an internal memo accessed by Reuters, “with all spending and revenue considered,” Twitter is currently losing around $3 million each day. The dominant social media platform has not yet reacted to a request for comment.
Twitter is currently considering whether to reduce the amount of spare server space that is preserved to ensure the service remains operational during periods of high demand.
Due to users racing to the social network during important events to absorb and exchange information, the website and app run the risk of going offline.
One of the insiders added, “Musk is willing to introduce that risk to meet these goals.” The second source called these cut-downs “delusional,” noting that once the load picks up, servers can fail “in spectacular ways.”
According to the Slack post given by the sources, Twitter staff are currently hurrying to present a cost-saving proposal before the deadline of November 7. In order to fulfill the deadline, some staff have also been told to work every day of the week.
To read our blog on “Twitter is facing a lawsuit over staff sacking; Dogecoin is 9% down,” click here.
