Twitter Firings Shrank Its Compliance Teams. Now It Risks Investigations and Big Fines
- Exodus includes staff responsible for regulatory compliance
- US, EU regulators have expressed concern over departures
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The work of two key teams that Twitter Inc. relied on to comply with regulators abruptly stopped amid a rash of layoffs, resignations and firings, according to two people familiar with the matter. That puts the social media giant at risk of investigations and hefty fines, the people said.
The latest departures heighten concerns that a staff exodus following Elon Musk’s takeover will undermine the company’s ability to comply with rules intended to protect users’ data.