Elon Musk says Twitter loses $4M a day, had 'no choice' over job cuts

Elon Musk said he had"no choice" but to cut up to half of Twitter's workforce in his first comments on the mass layoffs.

:"Regarding Twitter's reduction in force, unfortunately there is no choice when the company is losing over $4M/day." Musk added:"Everyone exited was offered 3 months of severance, which is 50% more than legally required."Musk's Twitter team sent earlier this week to US-based informing them of a Friday email that would tell them whether they were being laid off or kept on.

At least his hands will clean…..

Boohoo

)

Can make up for it later

Elon has many choices but, cannibalizing Twitter to address mistakes he is making is not a survivable solution. His best approach would have been to talk directly to his advertisers to hear and address their concerns with written legally binding guarantees, not blaming others.

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