Twitter Making Cuts, Path Forward for Self-Driving Vehicles
Bloomberg Tech
Bloomberg
4.4 • 70 Ratings
🗓️ 3 November 2022
⏱️ 39 minutes
🧾️ Download transcript
Summary
Host Emily Chang breaks down the latest in Elon Musk's restructuring of Twitter, while brands consider pausing advertising. Plus, Aurora CEO Chris Urmson joins to talk about the regulatory challenges ahead for the driver-less vehicles.
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Transcript
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| 0:00.0 | Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st. |
| 0:09.0 | Take part in solutions driven discussions on how to drive business value and unlock opportunity |
| 0:14.8 | while remaining nimble in times of change and greater ESG accountability. |
| 0:19.5 | Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore. |
| 0:24.0 | That's Bloomberg Live.com slash sustainable Biz Singapore. |
| 0:28.0 | From the heart of where innovation, money, and power collide, |
| 0:35.0 | in Silicon Valley and beyond, |
| 0:38.0 | this is Bloomberg Technology with Emily Chang. I'm Emily Shegg in San Francisco and this is Bloomberg Technology. |
| 0:58.4 | Coming up in the next hour, Twitter is shrinking. |
| 1:01.7 | Elon Musk laying off half the workforce, around 3,700 people as he restructures the entire company. |
| 1:09.0 | Meantime brands continue to mull ads on Twitter and Musk is doing away with policies like a once |
| 1:16.5 | a month rest day and more. Plus self-driving technology under the regulatory microscope |
| 1:22.0 | as we inch closer to a future with |
| 1:23.5 | driverless cars. We talk about the challenging road ahead with Aurora CEO Chris |
| 1:28.0 | Irmsen. And another tough day for Peloton after revenue fell way short of expectations. |
| 1:34.6 | Still, CEO Barry McCarthy is confident his turnaround plan will work sooner than expected. |
| 1:40.0 | We will discuss. |
| 1:42.0 | All of that in a moment, but first I want to dig into those layoffs that Bloomberg has learned will happen at |
| 1:48.0 | Twitter. |
| 1:49.0 | Musk planning to lay off about 3,700 people half the current workforce. |
| 1:54.3 | Our source is telling us he plans to tell the workers |
| 1:56.3 | who will be affected on Friday. |
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