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Twitter is heading into its second full work week under Elon Musk with half its workforce, mounting losses and a couple of unexpected reversals to its plans.
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 today 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 US$44 billion is losing US$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 company-wide systems, like email and Slack, were suddenly suspended. The requests for employees to return demonstrate how rushed and chaotic the process was. A Twitter spokesperson didn’t reply to a request for comment. Twitter’s plan to hire back workers was previously reported by Platformer.
“Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over US$4 million/day,” Musk tweeted on Friday. — Bloomberg.
Online Reporter