“Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day,” the billionaire tweeted. He said every Twitter staffer who was fired was offered three months of severance, which Musk said is “50% more than legally required.”
Twitter notified employees Thursday that they would find out via email on Friday whether or not they still had a job. All told, about 50% of the company staff — roughly 3,700 of Twitter’s 7,500 employees — was laid off, according to a tweet by Yoel Roth, Twitter’s head of safety and integrity., Roth said about 15% of the company’s Trust & Safety organization was let go, compared with 50% cuts companywide. He claimed Twitter’s front-line moderation staff “experienc[ed] the least impact.
Earlier Friday, Musk complained that “activist groups” were responsible for a dramatic falloff in revenue at Twitter, although the company was already facing a challenge economic environment before Musk closed the $44 billion takeover.
I’m tired of him
Is there not an active lawsuit based on the fact that there was no severance?
He shouldn’t have spent so much. When he knew it wasn’t worth as much as it was. Twitter is going to bankrupt him.
Yep advertising pulling out do no choice.
I call BS he laid off people mostly in content moderation. They can now allow violence, hate, racism harassment, verbal abuse and misinformation. He's a fascism. Owned by the Saudis and he's a liar. No pity!
looking great sir
Will Twitter be the same next year? I'm anxious to see what Twitter will be in like 12 months from now.
Quoted directly from the Variety article... Musk need to cut costs at Twitter because the company was facing a not only a high burn rate but also the need to repay (and pay interest on) the $13 billion in debt he raised to swing the takeover.
Look at his dead eyes.
He's a nasty man
Hollywood should follow elonmusk ‘s lead. Hollywood is woke, uninspiring and bloated with a lot of untalented writers, producers and actors.