Twitter has been going through a major transformation since Elon Musk has taken over the platform. The $44 billion deal itself was chaotic due to the legal rumbles that surrounded it. However, the troubles reverberated when the deal was completed. There has to be a lot of changes to be made on the microblogging site, but when he became the new CEO, the finances started plummeting. The advertisers started pulling the plug on advertising on Twitter which has been a major source of revenue for Twitter.
To recover the dwindling revenue, Elon Musk employed an $8 monthly subscription. After a failed first attempt, he reintroduced it in a structured manner. There have been many similar changes in Twitter’s policies, UI, and structure. Nevertheless, these changes have not been coming to fruition as envisioned by Elon Musk. The rigorous deadlines, impractical solutions, and constant layoffs have put him in very tricky terrain. There have been millions of unpaid bills laying around due to financial catastrophe. There were rumors that he shut down Slack for the very same reason, but the billionaire has now restored it.
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Elon Musk-Led Twitter Will Archive Old Channels After Restoring Slack
In the past few days, Elon Musk has been going through a flux with his business ventures. He has been recently given a clean chit regarding a Twitter fraud case by Tesla shareholders. But, Musk’s concerns are beyond that. He is trying to save Twitter from bankruptcy and revive the faith in the people about Tesla. At Twitter, the Tesla owner has conducting rampant layoffs. The remaining employees were upset when they were not able to access Slack.
Slack has become an important application due to its unique UI for storing files securely and forming different channels for employee interactions. On February 23rd, 2023, Twitter employees were unable to access Slack and Jira. They received the message that Slack is down for “routine maintenance”. However, the employees speculated that he may have not paid the Slack bill leading to inaccessibility.
A Slack employee commented on the routine maintenance claim. The employee said, “There is no such thing as routine maintenance. That’s bulls***”. Many employees expressed their discontent because the application helped them to navigate through an error due to the previously saved files and notes. One employee said, “We didn’t pay our Slack bill. Now everyone is barely working. Penny wise, pound foolish”. Another employee called it the “proverbial final straw”.
NEW: Twitter is bringing Slack back but all the old channels are being archived. “We had a total of 88,188 channels” and it was becoming “impossible for our support teams to manage” the company said in an internal email.
— Zoë Schiffer (@ZoeSchiffer) February 27, 2023
Now, Platformer’s Zoë Schiffer has confirmed that the company will be restoring Slack. In a tweet, she said, “Twitter is bringing Slack back but all the old channels are being archived. “We had a total of 88,188 channels” and it was becoming “impossible for our support teams to manage,” the company said in an internal email.”
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Steve Davis May Take Over Twitter As The New CEO
Elon Musk has been straddling through various businesses since he has taken upon himself to revamp Twitter into “Twitter 2.0”. While he is at it, there has been heavy neglect of his other ventures like Tesla.
The shareholders have been unhappy with the performance of the company in the market. So, Musk has been looking to transfer the designation and responsibilities at Twitter to able hands, and Steve Davis, the CEO of The Boring Company may be the candidate for him.
Recently, Elon Musk conducted another round of layoffs sacking around 200 employees along with some key employees. The managers informed that they have been getting calls from Steve Davis questioning the remaining employees. They thought it was about some incentivization.
However, it was regarding the recently executed layoffs. Steve Davis has been a long-time associate of Elon Musk since their SpaceX days. He is now the CEO of Musk’s tunnel-building venture The Boring Company. He, since Musk took over Twitter, has been involved in taking measures regarding cost-cutting. As per the Information, Davis has successfully cut costs by $1 billion, $500 million more than the targeted cutting.
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