Twitter, after laying off roughly half the company on Friday following Elon Musk’s $44 billion acquisition, is now reaching out to dozens of employees who lost their jobs and asking them to return. Some of those who are being asked to return were laid off by mistake, according to two people familiar with the moves.
“Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day,” Musk tweeted on Friday. 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. — Elon Musk November 4, 2022 Twitter has close to 3,700 employees remaining, according to people familiar with the matter.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Musk calls back fired Twitter employees | The Citizen👀What will Elon Musk do next? The billionaire keeps the world guessing as he rehired some Twitter staff after realising they have the skills he needs🧐 Catch up on the story here: ElonMust Twitter TwitterLayoffs
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Twitter sacks half of staff as Musk launches overhaul | Fin24Twitter sacked half of its 7 500-strong staff on Friday as new owner Elon Musk launched his major overhaul of the troubled company just a week after his blockbuster takeover. | News24_Business _Business That's why he fired them.. They were part of the trouble _Business Glorious. Ban the Babylon Bee and reap the whirlwind. _Business I would so love to see this happen in government / parlaimrnt...
Source: News24 - 🏆 4. / 80 Read more »
Former Twitter CEO apologizes to staff after massive layoffsTwitter co-founder and former CEO Jack Dorsey on Saturday apologized to company staff for growing the social media giant 'too quickly.' While others are tired of losing money, we are tired of taking profits 🔥 Same Market, Different strategies 💯' If you aren’t following Brian_Meadors0 then you should be. There aren’t many who have a better understanding of the current marketde Don't forget that u called him a plumber 🤣😂 They deserve to fired, they have enabled Twitter to act as the lying propaganda mouth piece of the Democrats since 2016. They nearly managed to destroy American freedom. Plus they have been trying to destroy their new Boss and his company. TRAITORS!
Source: eNCA - 🏆 49. / 51 Read more »
EXPLAINER-Will Twitter layoffs violate US law?Twitter is already facing a proposed class action claiming the layoffs are imminent and will violate US and California laws if employees are not given advance notice or severance pay.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Car brands pull their ads from Twitter as Elon Musk creates 'chaos and uncertainty'Advertisers are grappling with Twitter's new ownership under Tesla boss Elon Musk, who once tweeted 'I hate advertising'.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Twitter LAUNCHES blue check mark subscription serviceTwitter LAUNCHES blue check mark subscription service Twitter on Saturday said that users can ‘sign up now’ to its premium service and receive a blue checkmark next to their names.
Source: TheSAnews - 🏆 25. / 59 Read more »