Cointime

Cointime

Home / JUST IN

Hundreds of Twitter Employees Want to Resign After Elon Musk’s Ultimatum: Report

Just three weeks after acquiring social media giant Twitter, Elon Musk has triggered a mass exit at the company.

Within the first week, the billionaire fired top executives, including the CEO and CFO, and eliminated over 3,500 job positions. He has now given an ultimatum for the remaining employees to sign up for “long hours at high intensity” or leave.

According to Reuters, hundreds of Twitter workers plan to walk away from the company. 

(By Mandy Williams)

Elon Musk
Comments

All Comments

Recommended for you

  • Valkyrie Ethereum Futures ETF Receives U.S. SEC Approval

    The US SEC has approved Valkyrie to convert its existing Bitcoin futures ETF to a Bitcoin and Ethereum futures ETF. The new fund will be renamed "Valkyrie Bitcoin and Ethereum Strategy ETF" and will take effect on October 3, with the code still being BTF.

  • DeFi Revenue Aggregator Gro Protocol Will Cease Operations and Dissolve Gro Dao

    On September 20th, according to the Snapshot governance page, DeFi yield aggregator Gro DAO passed a proposal to dissolve the DAO and cease operations with a support rate of 70.95%, and provided a clear exit strategy for stakeholders. The steps to be taken afterwards are to extend Groda for 3 months (October 3rd to January 3rd) to focus on dissolving the DAO and stopping operations with a budget of 180,000 USDC.

  • Hong Kong Legislative Council Member Wu Kit-Chuang: We Have Received Help From Approximately 30 JPEX Victims, and the Amount Involved May Have Exceeded HK$100 Million.

    Hong Kong Legislative Council member Wu Jiezhuang held a press conference today (18th) to respond to the suspected fraud incident of the virtual asset trading platform JPEX. He revealed that he has received about 30 requests for help from victims, and the amounts lost by each person are different, with some being six-digit numbers and some being seven-digit numbers. The total amount involved is estimated to be over 100 million Hong Kong dollars.

  • OKX CEO Star: The Platform Will Pay 100% Compensation for Contract Changes on September 13

    On September 15th, OKX CEO Star posted on the X platform stating that the platform will fully compensate all affected customers for the contract anomaly that occurred on September 13th, and expressed apologies: "We fully understand that the stability of the trading system is very important to our customers. Over the past 10 years, our team has been continuously improving the SLA, but due to the complexity of the trading system, we still encounter some minor issues every few months. We are very sorry for this and will strive to make our stability better and better."

  • OKX Fund System Upgrade Has Been Postponed to 14:30–14:40 on September 21 (UTC+8)

    September 14th, OKX officially announced that the scheduled fund system upgrade, originally planned for September 14th, 2023 from 14:30-14:40 (UTC+8), will be postponed and the time will be adjusted to September 21st, 2023 from 14:30-14:40 (UTC+8).

  • Singapore's Monetary Authority Issues Nine-Year Ban to Three Arrows Capital Founders Over Alleged Securities Law Violations

    The founders of Three Arrows Capital, Kyle Davies and Zhu Su, have been issued a nine-year prohibition order by the Monetary Authority of Singapore (MAS) for allegedly violating securities laws. The order prohibits them from engaging in regulated activities, managing, acting as directors, or being substantial shareholders of any capital market services business during the prohibition period that began on September 13.

  • Binance.US Cuts 100 Jobs and CEO Departs Amid Regulatory Scrutiny

    Binance.US, the US-based branch of the cryptocurrency exchange, has reportedly laid off approximately one-third of its workforce, or 100 employees, and its CEO Brian Shroder has also left the company. According to a Binance.US spokesperson cited by Bloomberg on September 13, Shroder was temporarily replaced by Chief Legal Officer Norman Reed.

  • Binance.US President Departs as Firm Lays Off One Third of Staff Amid Uncertainty

    Binance.US, the American offshoot of Binance, has laid off one third of its employees and its president, Brian Shroder, has left the firm. The company has been facing uncertainty and scaling back its operations since the Securities and Exchange Commission's lawsuit against the company. Binance.US customers are no longer able to use US dollars to purchase crypto on the platform, resulting in a significant decline in monthly volumes. Binance, the parent company, has also experienced high-profile executive exits this year and has laid off staff.

  • Nearly $28 million in cryptocurrency suspected to have been withdrawn from CoinEx hot wallet

    According to on-chain data, cryptocurrency exchange CoinEx appears to have suffered a hack. So far, 4,946 ETH and 354,762 TRX have been extracted, resulting in almost $28 million worth of cryptocurrency being stolen from four hot wallets.

  • Elon Musk claims X 'never will' launch a crypto token

    Elon Musk, has stated that the platform will never launch its own cryptocurrency. Musk's response came after a user warned others to be cautious of fake tokens or memecoins claiming to be official X-sanctioned crypto projects. 

Daily Must-Read

Popular Activities

Cointime will Host TimeStamp Summit in Singapore on September 11th

Cointime will Host TimeStamp Summit in Singapore on September 11th

September 10 - September 11
Singapore

Popular Tags

Cointime
Insight
Features
RSS
Company