{"id":272638,"date":"2022-11-04T11:00:58","date_gmt":"2022-11-04T11:00:58","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=272638"},"modified":"2022-11-04T10:55:18","modified_gmt":"2022-11-04T10:55:18","slug":"twitter-sued-over-staff-layoffs-dogecoin-sinks-9","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/twitter-sued-over-staff-layoffs-dogecoin-sinks-9\/","title":{"rendered":"Twitter facing lawsuit over staff layoffs, Dogecoin sinks 9%"},"content":{"rendered":"<p>Twitter is facing a class-action lawsuit over its plans to cut 50% of its workforce following Elon Musk's takeover of the social media platform, Bloomberg News <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-04\/musk-commences-twitter-job-cuts-as-advertisers-hit-pause-update\">reported<\/a> on Nov. 4.<\/p>\n<p>Since taking charge, Musk has authorized numerous changes across the board in an attempt to revitalize Twitter's reputation as the internet's &#8220;town square.&#8221;<\/p>\n<p>However, a potential 3,700 reduction in headcount has resulted in a class-action lawsuit filed in a San Francisco federal court.<\/p>\n<p>The complaint centers around the lack of notice, which contravenes federal and California state law.<\/p>\n<h2>Dogecoin sinks<\/h2>\n<p>As rumors began circulating of Musk completing the Twitter deal, Dogecoin shot up in value \u2014 growing 170% to peak at $0.15982 on Nov 1.<\/p>\n<p>Since then, crypto integration plans have been put on the <a href=\"https:\/\/www.platformer.news\/p\/inside-twitters-product-roadmap-under\">back burner<\/a>, and laid-off workers have pushed back, driving DOGE lower.<\/p>\n<p>Off the back of two consecutive daily red closes, the leading meme coin sunk as low as $0.11519 on Nov. 4, down 9% over the last 24 hours.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Twitter is facing a class-action lawsuit over its plans to cut 50% of its workforce following Elon Musk&#8217;s takeover of the social media platform, Bloomberg News reported on Nov. 4. Since taking charge, Musk has authorized numerous changes across the board in an attempt to revitalize Twitter&#8217;s reputation as the internet&#8217;s &#8220;town square.&#8221; However, a [&hellip;]<\/p>\n","protected":false},"author":460,"featured_media":272698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77032],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Twitter facing lawsuit over staff layoffs, Dogecoin sinks 9%<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/twitter-sued-over-staff-layoffs-dogecoin-sinks-9\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Twitter facing lawsuit over staff layoffs, Dogecoin sinks 9%\" \/>\n<meta property=\"og:description\" content=\"Twitter is facing a class-action lawsuit over its plans to cut 50% of its workforce following Elon Musk&#039;s takeover of the social media platform, Bloomberg News reported on Nov. 4. Since taking charge, Musk has authorized numerous changes across the board in an attempt to revitalize Twitter&#039;s reputation as the internet&#039;s &#8220;town square.&#8221; However, a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/twitter-sued-over-staff-layoffs-dogecoin-sinks-9\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-04T11:00:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-04T10:55:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/11\/image_2022-11-04_154421712.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Samuel Wan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta 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