Since Elon Musk became the owner of the micro-blogging site Twitter, the period of stability in the company is over. Musk is constantly taking new decisions in the name of cost-cutting. Meanwhile, it has been decided to close two of three Twitter offices in India. Employees have been given work from home.
Significantly, soon after the takeover of Twitter by Musk, 200 personnel were fired in India. The report is that Twitter India has locked its offices in Delhi and Mumbai. The Bengaluru office of the Musk company has not been tampered with. Most of the engineers work here. Sources say that this step is under the plan to be financially stable by the end of 2023. Musk has a plan on how to run the company at least.
No Revenue From The Company
It is being told that Twitter is facing losses in the Indian market. The company’s revenue is not according to the type of subscribers Twitter has. Compared to this, the Indian market of American social media sites Meta and Google is profitable. The subscriber base of these companies is better in India. Internet usage is increasing here. With this, online business is growing in India. Due to this, the loss to Meta and Google is less.
Musk’s Company Is Not Making Profit
Twitter has become a popular forum. There are such celebrities here who have followers in lakhs. The number of followers of PM Narendra Modi is 865 million. The number of active users of Twitter is excellent. The information shared here is believed to be reliable. Despite this, Musk’s company is not making a profit. Along with this, there is a lag in the matter of business as well.
