Elon guts Twitter, Google shutters Hangouts, and the tech layoffs continue
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Mass layoffs at Twitter: It was Elon’s first full week as the boss of Twitter post-$44 billion acquisition. Sweeping layoffs were said to be on the way — and, well, they’ve begun. After a painfully impersonal heads-up email went out Thursday evening, entire teams are waking up to find their access suddenly revoked. With reports suggesting layoffs could impact up to half the company, Twitter employees have reportedly taken to referring to the whole thing as “the snap” (à la Thanos). A class action lawsuit has already been filed alleging that Twitter isn’t following the proper legal processes here.
Layoffs everywhere: Meanwhile, news of tech industry layoffs continues to pour in. Lyft let go of 13% of its workforce, Stripe cut 14%, Opendoor reduced its workforce by 18%, Chime parted ways with 12%,…