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Elon Musk is always on the talks for something or the other, and once again it seems his company X is facing a lot of difficulties in keeping the workflow running smoothly.
Reportedly, all is not well within the company, as many employees, including senior and junior staffers, are resigning from their positions.
According to a report by Claire Atkinson, Elon Musk's leadership of X formally Twitter has been marked by a tumultuous few months, including a recent wave of resignations from senior and junior sales staff. Report suggests that despite recent bonus checks, many employees- specifically Sales staff have chosen to depart, casting a shadow of uncertainty over the platform's future.
According to Atkinson's report, X is currently operating with a minimal workforce in its office, and the advertising division is experiencing financial losses. The first mass layoffs occurred after acquiring Twitter last year, followed by mass resignations in 2023. This undoubtedly prompts concerns about the company's ability to maintain its revenue streams and attract new advertisers.
Notably, the shaken upheaval is also an impact of Musk's bold decisions, which are garnering both ardent support and fierce criticism. In fact, the company is already grappling with a significant backlash by advertisers followed by of existing advertisers, including Apple and Disney.
Few days ago Musk faced a torrent of criticism ever since he agreed with a user who falsely claimed Jewish people were stoking hatred against white people. Musk in his post said the user, who referenced the "Great Replacement" conspiracy theory, was speaking "the actual truth."
After the post, he faced a lot of criticism and backlash from both antisemitic people and even advertisers. He later apologised and called it "handing a loaded gun" to critics.
While Musk did apologise for his comment and called it the worst post he had made during a history of messages that included many "foolish" ones, the backlash from advertisers reminded advent as Musk called advertisers to just "F... off."
Meanwhile, Disney CEO Bob Iger, earlier, during the summit, said that Disney is not getting positive benefits from its partnership with Elon Musk's X.