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Twitter’s Crypto Division Head Left The Company In The Wake Of Musk Mass Layoffs

Twitter's Crypto Division Head Left The Company In The Wake Of Musk Mass Layoffs

According to Bloomberg, Tess Rinearson, who led Twitter’s cryptocurrency division, left the firm amid a wave of staff departures and layoffs following the billionaire Elon Musk’s purchase of the business.

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Since Musk’s acquisition of Twitter was completed late last month, there has been a rash of internal conflict and personnel reductions.

A senior software developer named Hamdi Allam has also quit Twitter’s crypto group.

Along with mass layoffs, Musk, who is also acting CEO of Tesla, recently advised staff to resign if they were unable to adhere to a demanding work schedule. Elon Musk is currently in full control of the company.

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What will happen to Twitter’s blockchain-enabled initiatives is unknown in light of the recent departures, concerns about the platform’s demise, and Musk’s efforts to transform the company.

Some reports suggest that Musk will integrate blockchain into this social platform as well as include Dogecoin in payments.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.