Web3 on Leofinance
Web3 on Leofinance

Is Twitter Dead? - the majority of employees quit positions


By Nerly Shammah Nov18, 2022


Twitter Death



Shits hit the ceilings pretty fast and Twitter lost a handful of employees following an ultimatum expiration on Thursday, 17th November 2022. Industry coverage perceived that hundreds of positions had been walked away from and the company seems to be in an unstable situation. 


Since the Must takeover, Twitter has transitioned to what seems to be a social network with not many pillars holding it up, half the staff was laid off by Elon on the acquisition of the microblogging platform, and since, the directives of new powers have been questionable and placed many topics of debate amongst Twitter users. 


The hashtags #Goodbyetwitter and #RIPtwitter began to trend amongst microbloggers on Twitter as the news of mass staff resignations spread fast. Reports note that over 110 Twitter employees across at least four continents had announced their decision to leave Twitter, adding that due to the company's new work approach taken up by Elon Musk, a handful of its staff chose to walk away following an ultimatum presented to them. 




In Twitter's internal chat tool, over 500 employees wrote farewell messages on Thursday, a source familiar with the notes said." 


A poll on the workplace app Blind, which verifies employees through their work email addresses and allows them to share information anonymously, showed 42% of 180 respondents opting for "Taking exit option, I'm free!"


A quarter said they had chosen to stay "reluctantly," and only 7% of the poll participants said they "clicked yes to stay, I'm hardcore." - Reuters




While the billionaire CEO had taken to Tweet to express that he is not worried given that the best people are staying, alternatively coverage points out that the microblogging platform may have lost about 1 million users to its takeover which has been perceived as hostile. 


Is Twitter Dead? 


Twitter seems to be at the edge of falling into the deep as both users and employees jump ship for more friendly and preferably decentralized alternatives. 


Cointelegraph hints at a possible destination of Twitter's lost users, citing an alternate, built-to-be decentralized microblogging platform, mastodon. 


Similarly, it comes at crucial times that as users are looking for alternatives in case Twitter officially goes down, industry builders have been in the works of deploying cost-effective, user-friendly, and high-performance capacity microblogging platforms marketed as "Project Blank on the Hive blockchain. 


Recent coverage indicates a handful of developments that look to take its ecosystem system and users to a whole new level. 



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