Twitter Asks Dozens Of Fired Workers to Please Come Back, Says "Error"
NDTV
The social-media company laid off close to 3,700 people on Friday, only to reach out soon thereafter to dozens of employees
Twitter Inc. is heading into its second full workweek under Elon Musk with half its workforce, mounting losses and a couple of unexpected reversals to its plans. Regarding Twitter's reduction in force, unfortunately there is no choice when the company is losing over $4M/day.Everyone exited was offered 3 months of severance, which is 50% more than legally required.
The social-media company laid off close to 3,700 people on Friday, only to reach out soon thereafter to dozens of employees who it decided were either fired in error or too essential to the changes the billionaire businessman wants to make. Another of Musk's key early goals -- adding verification check marks for members of its monthly subscription service -- is being delayed until Wednesday to avoid potential chaos during the US midterm elections.
The whiplash events, as described by people familiar with the situation or in an internal company memo posted on slack, follow Musk's own acknowledgment in a tweet that the company he and well-heeled partners bought for $44 billion is losing $4 million a day.
Twitter lopped its workforce as a way to trim costs following Musk's acquisition, which closed in late October. Many employees learned they lost their job after their access to companywide systems, like email and Slack, were suddenly suspended. The requests for employees to return demonstrate how rushed and chaotic the process was.
