<p>Hours after reports emerged claiming that Twitter's new owner Elon Musk is actively searching for a new CEO of Twitter, Musk&nbsp;announced that he would soon step down as Twitter CEO. The development comes a day&nbsp;after Elon Musk lost a Twitter poll in which he had asked his over 122 million Twitter followers if he should step down as the Chief Executive Officer of the social media platform.&nbsp;</p>

<p>Musk said he plans to run&nbsp;Twitter’s engineering as owner. Reports say that it is&nbsp;hard to tell what is&nbsp;left of other operations, such as legal and communication, some of which have been gutted.</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/technology/elon-musk-searching-for-new-twitter-ceo-say-reports-544937">Elon Musk searching for new Twitter CEO, say reports</a></strong></p>

<p>"I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software and&nbsp;servers teams," Elon Musk tweeted on Wednesday.</p>

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<p>Of over 17.5 million people who participated in Musk's Twitter poll, about 57.5 per cent asked him to step down.&nbsp;</p>

<p>Many Tweeples said that the poll may have been manipulated by bots, autonomous non-human programs on the internet posing as humans. Musk responded with a prompt one-word response: "interesting".&nbsp;</p>

<p><strong>WATCH |&nbsp;<a href="https://www.wionews.com/videos/wion-fineprint-elon-musk-buys-twitter-529238">Explained: The future of Twitter under Elon Musk</a></strong></p>

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<p>Musk has been almost single-handedly running Twitter since he bought it in October for $44 billion. He said early on that he didn’t plan to stay permanently as CEO and he has surrounded himself with a few trusted people, some of whom have suggested they’d be ready to take on what Musk calls a thankless task. “No one wants the job who can actually keep Twitter alive. There is no successor,” Musk tweeted earlier this week.&nbsp;</p>

<p>In November, Musk said, “I expect to reduce my time at Twitter and find somebody else to run Twitter over time.”</p>

<p>His takeover of the microblogging site has been riddled with controversies, starting from firing employees, to jacking up the price of Twitter’s Blue subscription plan.</p>

<p>The “Chief Twit” has repeatedly claimed that since he took over Twitter, the usage has reached an all-time high and that hate speech impressions have fallen.</p>

<p>Since taking over Twitter in&nbsp;October 2020, Elon Musk has helmed over the&nbsp;firings or departures of roughly 5,000 of Twitter’s 7,500 employees.</p>

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Hours after reports emerged claiming that Twitter's new owner Elon Musk is actively searching for a new CEO of Twitter, Musk announced that he would soon step down as Twitter CEO.

Hours after reports emerged claiming that Twitter's new owner Elon Musk is actively searching for a new CEO of Twitter, Musk announced that he would soon step down as Twitter CEO. The development comes a day after Elon Musk lost a Twitter poll in which he had asked his over 122 million Twitter followers if he should step down as the Chief Executive Officer of the social media platform. Musk said he plans to run Twitter’s engineering as owner. Reports say that it is hard to tell what is left of other operations, such as legal and communication, some of which have been gutted. ALSO READ | Elon Musk searching for new Twitter CEO, say reports "I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software and servers teams," Elon Musk tweeted on Wednesday. Of over 17.5 million people who participated in Musk's Twitter poll, about 57.5 per cent asked him to step down. Many Tweeples said that the poll may have been manipulated by bots, autonomous non-human programs on the internet posing as humans. Musk responded with a prompt one-word response: "interesting". WATCH | Explained: The future of Twitter under Elon Musk × Musk has been almost single-handedly running Twitter since he bought it in October for $44 billion. He said early on that he didn’t plan to stay permanently as CEO and he has surrounded himself with a few trusted people, some of whom have suggested they’d be ready to take on what Musk calls a thankless task. “No one wants the job who can actually keep Twitter alive. There is no successor,” Musk tweeted earlier this week. In November, Musk said, “I expect to reduce my time at Twitter and find somebody else to run Twitter over time.” His takeover of the microblogging site has been riddled with controversies, starting from firing employees, to jacking up the price of Twitter’s Blue subscription plan. The “Chief Twit” has repeatedly claimed that since he took over Twitter, the usage has reached an all-time high and that hate speech impressions have fallen. Since taking over Twitter in October 2020, Elon Musk has helmed over the firings or departures of roughly 5,000 of Twitter’s 7,500 employees. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Elon Musk to resign as Twitter CEO once he finds 'someone foolish enough'

Twitter's new owner Elon Musk has asked the employees to either work like a dog or ship out of the company. Watch this video to know more.

World Business Watch | 'Work like a dog or ship out': Elon Musk to Twitter staff

<p>The developments surrounding billionaire Elon Musk’s $44 million takeover of Twitter continue to dominate headlines as reports suggest that the company’s workforce can get halved in the coming days. The Verge and Bloomberg both reported that Musk is planning to cut around 3800 jobs (more than half of the 7500-strong workforce) in what is being considered as a major restructuring project. It is also reported that the firm revoke work from home.</p>

<p>Also read |&nbsp;<a href="https://www.wionews.com/technology/elon-musk-twitter-live-updates-chief-twit-to-cut-twitter-workforce-by-half-defends-8-plan-530747" hreflang="en">Twitter takeover LIVE updates | Elon Musk to enable edit option for all Twitter users by this week</a></p>

<p>Within&nbsp;days of completing the takeover, Musk fired a number of top executives from the company including CEO Parag Agarwal and CFO Ned Segal. When it came to the board of directors, there were also several top-level departures as Musk assumed the role of CEO for the initial period of transition.</p>

<p><strong>Top Twitter investor backs move</strong></p>

<p>A top investor — Changpeng Zhao, the chief executive and founder of Binance — has come out in support of the move as he said that a “slimmer workforce” can work wonders for the company.</p>

<p>During his annual Web Summit in Lisbon, Portugal, Zhao said that Musk has addressed key issues like fake accounts and freedom of speech since taking over the company. Binance has invested $500 million in the company and Zhao said that they will continue the “upcoming changes”.</p>

<p><strong>WATCH |&nbsp;Report: Twitter's new owner Elon Musk plans to cut 3,700 jobs</strong></p>

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<p>“I do feel that Twitter, given the 7,500 people they have, the number of new features that have been rolled out is quite slow,” said Zhao. “I trust him by reputation for sure. He’s a strong entrepreneur”.</p>

<p>Musk has already made his intentions clear when it comes to charging users for using Twitter Blue and the billionaire also announced that several of the users will be able to use the “Edit” option.</p>

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The developments surrounding billionaire Elon Musk’s $44 million takeover of Twitter continue to dominate headlines as reports suggest that the company’s workforce can get halved in the coming days.

The developments surrounding billionaire Elon Musk’s $44 million takeover of Twitter continue to dominate headlines as reports suggest that the company’s workforce can get halved in the coming days. The Verge and Bloomberg both reported that Musk is planning to cut around 3800 jobs (more than half of the 7500-strong workforce) in what is being considered as a major restructuring project. It is also reported that the firm revoke work from home. Also read | Twitter takeover LIVE updates | Elon Musk to enable edit option for all Twitter users by this week Within days of completing the takeover, Musk fired a number of top executives from the company including CEO Parag Agarwal and CFO Ned Segal. When it came to the board of directors, there were also several top-level departures as Musk assumed the role of CEO for the initial period of transition. Top Twitter investor backs move A top investor — Changpeng Zhao, the chief executive and founder of Binance — has come out in support of the move as he said that a “slimmer workforce” can work wonders for the company. During his annual Web Summit in Lisbon, Portugal, Zhao said that Musk has addressed key issues like fake accounts and freedom of speech since taking over the company. Binance has invested $500 million in the company and Zhao said that they will continue the “upcoming changes”. WATCH | Report: Twitter's new owner Elon Musk plans to cut 3,700 jobs “I do feel that Twitter, given the 7,500 people they have, the number of new features that have been rolled out is quite slow,” said Zhao. “I trust him by reputation for sure. He’s a strong entrepreneur”. Musk has already made his intentions clear when it comes to charging users for using Twitter Blue and the billionaire also announced that several of the users will be able to use the “Edit” option.

Elon Musk to cut up to half of Twitter's workforce, revoke work from home: Report

<p>Elon Musk is all set to serve as the Chief Executive Officer (CEO) of Twitter after completing the takeover last week, as per a regulatory filing on Monday. He bought the social media platform for $44 billion and Wall Street analysts have cast doubts over his latest buy. Musk already runs automobile giant Tesla, rocket company SpaceX, brain-chip startup Neuralink and tunneling firm the Boring Company.</p>

<p>After buying Twitter, he had immediately fired Parag Agrawal from the post of CEO, besides other top executives. Prior to that, he had changed his Twitter bio to "Chief Twit". The company hasn't yet said for how long will Musk remain in the top spot. Bloomberg had earlier reported that Musk will become CEO for the interim before appointing someone else.</p>

<p>Also Read |&nbsp;<a href="https://www.wionews.com/world/this-is-fake-elon-musk-denies-sharing-conspiracy-theory-over-paul-pelosis-attack-deletes-prior-tweet-529864">'This is fake': Elon Musk denies sharing conspiracy theory on Paul Pelosi attack</a></p>

<p>Musk has also dissolved the board of directors. In another filing on Monday, Musk revealed that he is now the sole director of Twitter as a result of the takeover.</p>

<p>"The following persons, who were directors of Twitter prior to the effective time of the merger, are no longer directors of Twitter: Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li and Mimi Alemayehou," Musk said in the filing.</p>

<p>Musk later tweeted that the move to dissolve the board "is just temporary," without giving any further details.</p>

<p>Musk has started meeting with some employees to understand Twitter's software code and how aspects of the platform worked, Reuters reported.</p>

<p>There are reports doing the rounds in the market after Musk took hold of the reins on how he would run Twitter. He is reportedly planning to charge $20 per month for the Twitter Blue Badge subscription, which also includes verification of users. According to the Verge, Musk told the staff on Sunday that they need to roll out the feature by November 7 or else they would be fired.</p>

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<p>&nbsp;</p>

<p>He had also denied all reports stating that he is planning to fire employees before November 1 to avoid giving them their year-end compensation.&nbsp;</p>

<p>This is false, he said after a user tagged him referring to the report. The New York Times on Saturday (October 29), cited that after acquiring the microblogging platform, the owner has asked managers to name the employees to be laid off.&nbsp;</p>

<p><em>(With inputs from agencies)</em></p>

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Elon Musk is all set to serve as the Chief Executive Officer (CEO) of Twitter after completing the takeover last week, as per a regulatory filing on Monday. He bought the social media platform for $44 billion and Wall Street analysts have cast doubts over his latest buy.

Elon Musk is all set to serve as the Chief Executive Officer (CEO) of Twitter after completing the takeover last week, as per a regulatory filing on Monday. He bought the social media platform for $44 billion and Wall Street analysts have cast doubts over his latest buy. Musk already runs automobile giant Tesla, rocket company SpaceX, brain-chip startup Neuralink and tunneling firm the Boring Company. After buying Twitter, he had immediately fired Parag Agrawal from the post of CEO, besides other top executives. Prior to that, he had changed his Twitter bio to "Chief Twit". The company hasn't yet said for how long will Musk remain in the top spot. Bloomberg had earlier reported that Musk will become CEO for the interim before appointing someone else. Also Read | 'This is fake': Elon Musk denies sharing conspiracy theory on Paul Pelosi attack Musk has also dissolved the board of directors. In another filing on Monday, Musk revealed that he is now the sole director of Twitter as a result of the takeover. "The following persons, who were directors of Twitter prior to the effective time of the merger, are no longer directors of Twitter: Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li and Mimi Alemayehou," Musk said in the filing. Musk later tweeted that the move to dissolve the board "is just temporary," without giving any further details. Musk has started meeting with some employees to understand Twitter's software code and how aspects of the platform worked, Reuters reported. There are reports doing the rounds in the market after Musk took hold of the reins on how he would run Twitter. He is reportedly planning to charge $20 per month for the Twitter Blue Badge subscription, which also includes verification of users. According to the Verge, Musk told the staff on Sunday that they need to roll out the feature by November 7 or else they would be fired. × He had also denied all reports stating that he is planning to fire employees before November 1 to avoid giving them their year-end compensation. This is false, he said after a user tagged him referring to the report. The New York Times on Saturday (October 29), cited that after acquiring the microblogging platform, the owner has asked managers to name the employees to be laid off. (With inputs from agencies)

Musk installs himself as Twitter CEO, dissolves board, becomes sole director of company