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Twitter Closes Brussels Office As Elon Musk’s Reforms Spread To Europe

As per reports, Twitter’s Brussels office has been closed. According to reports, Twitter’s Brussels office has been closed, which may make it more challenging for it to comply with new European Union rules governing content moderation.

Brussels Office
Image Source: yahoo.com

The office had less than ten employees, but despite its tiny size, the office was crucial because of its connections to the EU. After Musk took over, the Brussels office staff was reduced from six to two. Last Monday, Twitter’s last two remaining public policy executives, Julia Mozer and Dario La Nasa, left the company completely dissolving the Brussels office.

They may have quit the company or been dismissed, but they left after Musk gave his employees an ultimatum, asking employees to work “long hours at a high intensity” or face termination with three months’ worth of severance compensation.

Read More: Elon Musk Blames ‘Activists’ for His Twitter Moderation Council Lie

Mozer and La Nasa were in charge of Twitter’s public policy in Europe. They were in charge of making sure Twitter conforms with both the Digital Services Act and the EU’s disinformation guidelines. More control over how platforms censor material and when tech corporations must remove unlawful content is granted to EU governments as a result of the new law.

The platforms will have to be open about the factors that go into their content moderation choices. If a user’s content is taken down or accessibility to it is restricted, they have the right to appeal the moderation decision. Twitter might face severe penalties if it doesn’t follow the DSA’s regulations.

Regulators have the power to penalize Twitter up to 6% of its annual global revenue or even shut it down completely. Musk has been cautioned by Thierry Breton, the EU’s commissioner for the internal market, that Twitter must adhere to the bloc’s content laws.

Two significant pieces of digital legislation that will establish previously unheard-of criteria for the accountability of digital companies operating in a free and vibrant digital market were adopted by the European Parliament in July of this year. Mass layoffs at Twitter, meanwhile, have already concerned the Commission and prompted Brussels to become more confrontational with Twitter.

The EU vice-president in charge of the disinformation code, Vera Jourova, expressed alarm about the closure of the Brussels office to the Financial Times. She noted, “If you want to effectively detect and take action against disinformation and propaganda, this requires resources. Especially in the context of Russian disinformation warfare, I expect Twitter to fully respect the EU law and honor its commitments.”

Since Musk took over, concerns about increased levels of misinformation on the network have intensified, especially since he made it possible for anybody to get a verified tag for $8. This resulted in trolls posing as Tony Blair, George W. Bush, and other public figures as well as corporations like Nintendo and McDonald’s. Musk has since put the paid verification program on hold, but he’ll probably resume it soon.

While this is going on, several Democratic senators have requested the FTC to investigate if Twitter has broken any consumer protection laws or a consent order with the agency. The latter mandates Twitter to examine new features for any privacy concerns, among other things.

According to a report from earlier this month, Twitter engineers must “self-certify” that they are abiding by FTC guidelines and other regulations. In a recent statement, the FTC stated that it is “tracking recent developments at Twitter with deep concern.”

AAA PC game

Netflix is working on ‘brand-new’ AAA PC game

According to numerous reports, Netflix may soon develop a brand new AAA PC game.

According to Mobilegamer.biz, Netflix has posted over a dozen job openings for its Los Angeles branch of Netflix Games Studio on its website. Netflix is specifically looking for a game director to engage in “a brand-new AAA PC game.”

AAA PC game
Image Source: tribune.com.pk

Netflix posted job openings at its newly announced Southern California games studio for a game director, art director, and technical director. The platform is seeking a “creative leader of one of Netflix’s first generation of internally developed original games” for the post of game director.

AAA projects are prominent games in the video gaming industry with very huge budgets and production teams. The task of creating an environment, characters, and storyline that is deserving of a Netflix movie or TV series will fall to the game director. There aren’t many details available since it is an unreleased project.

The company noted in its job openings, “We’re looking for a creative and highly-skilled Game Director to help us forge the game direction and creative vision on a brand-new AAA PC game. As Game Director, you will be the creative leader of one of Netflix’s first generation of internally developed original games.

You will provide the vision and direction for the game from the concept phase, through production, launch, and live operations. The right candidate will bring industry-leading craft expertise and attention to detail to generate the vision for a game that is high quality, emotionally resonant, iconic, and full of heart.

Creating a great game that players want to come back to repeatedly is our primary goal – you will be able to create, ship, and run a game without any competing design constraints due to monetization. ”

Netflix has been concentrating on expanding its mobile division up until now. The company now has plans to increase its PC gaming presence with fresh acquisitions after recently acquiring Spry Fox, the developer of Cozy Grove. In November of last year, the streaming juggernaut began making its mobile games available to users of Android, iPhone, and iPad.

Currently, the company has 40 distinct games available. There are many spin-off games themed on well-known Netflix series like Stranger Things, as well as card games, original games, and timeless mobile games like running and racing games. Right now, Netflix’s gaming business model is fairly straightforward.

One can download and play every game in the Netflix game library if they have a Netflix subscription. Additionally, the platform was developing features that would enable users to compete with one another in its mobile games and place themselves on gaming scoreboards in August.

The sum of money that Netflix has already committed to supporting AAA PC games is still unclear. However, it takes a lot of time and resources to create AAA games. Crucible, the initial attempt by Amazon, was infamously unsuccessful. Google closed down Stadia Games & Entertainment before the studio had an opportunity to produce an AAA-level game on Stadia.

hp

HP Joins Tech Layoffs Season, Plans To Fire 6,000 Employees

Hewlett-Packard aka HP, the world’s leading manufacturing company of laptops and electronic devices, decided to join the huge list of tech companies that have officially confirmed mass layoffs on Tuesday.

HP
Image Source: indiatimes.com

During its earnings report, the company stated that it expected to cut 6,000 job positions by the end of the fiscal year 2025, accounting for 12 per cent of its total worldwide workforce.

“The company expects to reduce gross global headcount by approximately 4,000-6,000 employees. These actions are expected to be completed by the end of fiscal 2025,” the company said in its fiscal 2022 full-year report. 

Source: wionews.com

the firm would lay off some of its almost 50,000 present employees, bit by bit over the ensuing years to save 1.4 billion USD. After HP reported reduced PC and laptop sales, the decision was made.

Read More: Roku lays off 200 employees after weak Q4 Results

During the pandemic, both groups’ sales increased significantly, but since offices and schools have opened, they have levelled off.

as per the experts, this choice could have been made worse by the unfortunate economical circumstances brought on by the ongoing recession and extremely high inflation.

Due to the confluence of the aforementioned factors, the PC manufacturer predicts a lower revenue for the first quarter in its report.

“Many of the recent challenges we have seen in FY’22 will likely continue into FY’23,” said Marie Myers, chief financial officer. 

Source: wionews.com

In addition, HP reported an 11 per cent decrease in Q4 sales, which came in at 14.8 billion USD, in comparison with the same quarter in 2017.

The announcement made by HP as speaking of layoffs comes as many other big tech firms, such as Amazon, Meta, and Twitter, have decreased their workforces, majorly as a result of a global recession.

In the first week after Elon Musk took control of the microblogging site, Meta fired around 11,000 people from its staff while Twitter let go of half of its workforce. Amazon, which is owned by, Jeff Bezos, has declared that it will be dismissing 10,000 of its workers.

According to various sources on Tuesday, 10,000 or 6 per cent of the poor-performing employees of Alphabet Inc., the parent firm of Google, would be dismissed.

Elon Musk

Elon Musk says Twitter is done with layoffs and ready to hire again

Elon Musk is hiring again after firing roughly two-thirds of Twitter’s 7,500 employees in only three weeks.

According to a tweet from a The Verge reporter, Twitter’s new owner Elon Musk assured employees in an all-hands meet that the business does not expect future layoffs and is hiring for engineering and ad sales positions. Musk stated that Twitter is hiring for engineering and ad sales positions and that there are no further planned layoffs.

Elon Musk
Image Source: indiatvnews.com

According to The Verge, Musk declared during the meeting that he planned to decentralize Twitter by establishing technical teams in Brazil, Japan, India, and other countries. He asserted throughout the discussion that Twitter’s technological stack has to be completely rebuilt.

Additionally, he asserted that somewhat decentralizing things is a good idea. Musk made a suggestion that engineering teams might also be established in India as part of this.

Read More: Elon Musk puts Twitter’s Blue Verified relaunch on hold

However, Twitter does not currently have any job vacancies advertised on its website, and Musk did not name the specific technical or sales positions for which the company was recruiting. During the meeting, he stated, “In terms of critical hires, I would say people who are great at writing software are the highest priority.” Last week, The Verge reported that Twitter recruiters had begun contacting engineers and inviting them to join “Twitter 2.0 — an Elon company.”

During a half-hour Q&A session with staff members from Twitter’s San Francisco headquarters, Musk claimed there are “no plans” to transfer Twitter headquarters to Texas, as he did with Tesla, but that it may make sense to have “dual-headquartered” offices in Texas and California.

Anyone joining Twitter today will do so in a far smaller organization than it was prior to Musk’s takeover. The precise number of exits during his tenure is unknown, but before he fired over half the workforce, there were almost 7,400 workers with access to Twitter’s internal systems.

Long-serving engineers, some of whom had served the company for over ten years, as well as an increasing number of corporate leaders, have left the company. On Musk’s first day, Twitter’s CEO, CFO, and chief legal officer were all fired.

The executives of Twitter’s biggest content and advertising partnerships have either left their positions or been fired. As per former and current employees, several “essential” teams were totally destroyed by the layoffs and resignations.

 Another significant change is the suspension of Twitter’s $8 subscription-based “Blue Verification” mark’s re-launch. Elon Musk has also temporarily suspended the “Blue Verified” badge “until there is high confidence of stopping impersonation”.

According to Musk, the social media giant is delaying the rollout of a new system for awarding verified ticks to users and may instead employ other “colour checks” to verify businesses and people. Musk also mentioned that Twitter will soon be in a position to compete with YouTube in terms of offering a video streaming service, dropping a hint that Twitter may do so with “higher compensation for creators” and a pleasant video experience.

The new Twitter CEO today advised Twitter critics to go on other social media sites and ended his statement with the Hindi greeting “Namaste.” He tweeted,” Hope all judgy hall monitors stay on other platforms – please, I’m begging u.”

blueverified

Elon Musk puts Twitter’s Blue Verified relaunch on hold

If you didn’t take advantage of the opportunity to give Elon Musk 7.99 USD for a blue check for your Twitter account while you could, you may even have to wait a little longer. Originally scheduled to reintroduce on November 29, Elon Musk wrote on Twitter on Monday evening that the twitter’s blue verified feature will be postponed, indefinitely, until there is a greater probability of stopping identity theft.

blue verified
Image Source: gadgetsnow.com

The initial release of Twitter Blue Verified or known as the “I-paid-Elon-$7.99” Blue Tick was a complete disaster. Obviously, the feature instantly became favourable to assist bad actors in trying to impersonate celebrities, corporate entities, and political figures.

one user account tried to imitate the drug manufacturer Eli Lilly and was announcing that insulin is free in the name of the company.  Before it was removed, the tweet had been viewed a million times. The stock of the company fell 4.37 per cent.

Read More: Elon Musk says in court he doesn’t want to be CEO of any company

Elon Musk went on to say that Twitter will most likely use a check of a different colour for organisations than individuals. Twitter has already experimented with using a grey official classification underneath high-profile accounts, although the feature has been turned on and off numerous times since it was first introduced.

According to The Verge, Musk also discussed working to develop features such as encoded personal messages and videoconferencing in an intrinsic presentation termed Twitter 2.0. This isn’t the first time he has mentioned implementing end-to-end encrypted DMs.

Musk insinuated that Twitter is progressing on this feature in a tweet in response to app researcher Jane Manchun Wong’s tweet, which outlined code related to that. The Twitter CEO stated earlier this month that the “goal of Twitter DM is to superset Signal.”

As some Twitter users experiment with alternative platforms such as Mastodon and Hive, Elon Musk claims that Twitter added 1.6 million monetizable daily active customers in the recent week, bringing the company’s total to 259.4 million. Notably, Musk engaged in a months-long legal battle after deeming these same metrics inaccurate in an attempt to backtrack on his Twitter purchase.

Bob Iger

Bob Iger is returning to head Disney as Bob Chapek steps down

One of Disney’s most successful CEOs, Bob Iger, is coming back to lead the media conglomerate once more.

Disney has reverted the CEO change that caught everyone off guard in 2020, with Bob Iger resuming his position as the CEO and taking the place of Bob Chapek, his replacement. Iger, who also holds the majority of the company’s stock, will now begin a fresh two-year tenure as CEO.

Bob Iger
Image Source: livemint.com

Susan Arnold, Chairman of the Board for Disney stated, “We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic. The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period”.

As per Disney, Susan Arnold will continue serving as the chairperson and there has been no change to the board. Iger led Disney as CEO for 15 years, from 2005 to 2020, before choosing to step aside and transfer control to Bob Chapek.

Notably, Chapek and Disney agreed to a three-year contract extension in June. Iger declared upon his return that he was excited to rejoin Disney and that he was hopeful about the company’s future.

Bob Iger noted, “Disney and its incomparable brands and franchises hold a special place in the hearts of so many people around the globe — most especially in the hearts of our employees, whose dedication to this company and its mission is an inspiration.

I am deeply honored to be asked to again lead this remarkable team, with a clear mission focused on creative excellence to inspire generations through unrivaled, bold storytelling.”

Iger managed Disney’s significant deals with Marvel, Pixar, and 21st Century Fox during his previous stint. The returning CEO also informed the Disney workers, including the cast members, via email that they would learn more about this decision “tomorrow and in coming weeks” from the leadership.

The corporation had not benefited greatly from Chapek’s 11-month tenure as the CEO. The share price of the company decreased by over 40% during his tenure. He was also criticized for not actively opposing Florida’s anti-gay law. Under his leadership, the corporation terminated senior content executive Peter Rice and missed the chance to secure digital streaming rights for the Indian Premier League.

The news was well received by investors, who drove Disney stock up 9% on Monday after it had lost about 36% of its worth this year.

The announcement comes at a pivotal time for Disney. A little more than two weeks have passed since Disney released its Q4 2022 financial results, stating that both its media and park sectors fell short of analyst expectations. Its streaming sector has expanded as more subscribers choose a package option that combines Disney Plus, ESPN Plus, and Hulu, but streaming fees are also rising.

In Q3 2022, the business reported revenues of $20.2 billion, falling short by over $1 billion of analyst estimates. Disney’s CFO at the time, Christine McCarthy, stated that the goal for the company is to become profitable by the 2024 fiscal year.