Elon Musk defends Twitter layoffs, says company lost more than $4M per day, employees got severance packages

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Elon Musk on Friday said Twitter was losing more than $4 million a day and that employees will receive three-month severance packages.

In this photo illustration, a Twitter logo seen displayed on a smartphone screen. Musk defended layoffs at the social media platform on Friday, saying it was losing more than $4 million per day.began posting online about the forthcoming layoffs Thursday evening, saying they had been locked out of their computers and had received notifications about the pending workforce reduction.

A class-action lawsuit was reportedly filed against the company by workers who claimed the layoffs violate federal law requiring 60 days' notice for employees. The Worker Adjustment and Retraining Notification Act requires large companies to notify workers two months in advance of planned job cuts, according to Bloomberg.

"We filed this lawsuit tonight in an attempt to make sure that employees are aware that they should not sign away their rights and that they have an avenue for pursuing their rights," attorney Shannon Liss-Riordan, who filed the

 

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It’s losing money because as soon as he bought it, left wing activists started pressuring woke advertisers to pull their ads out of fear facts would win out over their false narratives. They did this.

Let me get this right, elonmusk paid over the odds for a company that is losing $4m/day? Well that sounds like great business sense… NOT! tsla ElonMusk TwitterLayoffs

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 /  🏆 458. in TH

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