Billionaire Elon Musk has been confirmed as Twitter’s new Chief just days after firing the firm’s previous CEO.
According to reports from local media outlets, the world’s richest man is all set to take on the major role with huge responsibilities by his side.
After coming into power, Musk was immediately seen dissolving Twitter’s board of directors and has also made himself the sole director of Twitter as reportedly recently by the new SEC filing.
On his first day as the company’s CEO, Musk reportedly fired four of the firm’s top executives. Moreover, seeing him indulge in this behavior has made other employees shocked and think twice about where they actually stand in this mess.
And that’s when insider sources confirmed that Musk would indeed be firing employees from every department as managers were requested to make up lists of those that would be shown the door soon.
The news comes as the new CEO makes huge plans to try and turn the platform around into something that’s super profitable as the number of losses it has incurred in recent times is just mindblowing.
As it is, Musk has hiked up the costs linked to its Blue Twitter subscriptions and that has people thinking of removing themselves from the platform as a whole.
But he does plan on introducing new features like turning the app into a super-app where users can not only have fun and enjoy but also pay bills and do more useful things.
Musk is also thinking about replanning the app’s content moderation policies and possibly reversing the clause linked to permanent bans for those who once violated the app’s policies.
So as you can see, the changes are plenty and Musk has a lot of surprises in store. While some are being welcomed with open arms, others aren’t so much.