Immediately after acquiring Twitter on Friday for $44 billion, Elon Musk laid off almost half of the employees. Just three days later, the company is contacting dozens of people who lost their jobs to ask them to come back.
According to two anonymous sources familiar with the movements to Bloomberg, some workers were fired from the company by mistake. Others were fired before management realized that his expertise might be needed to create the new features that Musk envisions.
Twitter cut about 3700 people last week via email as a way to cut costs following the acquisition by Musk, which closed in late October. Many employees found out they had lost their jobs after their access to company-wide systems, such as email and slack. Employee return requests demonstrate the rushed and chaotic process.
“As for Twitter downsizing, there is sadly no option when the company is losing over $4 million a day”Musk tweeted on Friday.
“All those who left were offered 3 months of compensation, which is 50% more than what the law requires”he added.
In India, Musk laid off more than 90% of his staff over the weekend, slashing its product and engineering staff in a potential growth market.
The company employed just over 200 people in the country, and the cutbacks left it with barely a dozen workersrevealed to Bloomberg anonymous sources familiar with the matter.
Globally, Twitter maintains about 3,700 remaining employees. Musk is pushing those who remain at the company to move quickly in shipping new features, and in some cases, employees have even slept in the office to meet deadlines.
Over the weekend, Twitter launched a new Twitter Blue subscription plan, which offers a checkmark for any user who pays $8 a month. The company also said it will roll out other offerings soon, such as the ability to post longer videos and get priority ranking in replies, mentions and searches.
On Sunday, New York Times reported that Twitter will delay the changes until after the legislative elections Tuesday, after users and employees raised concerns that the plan could be used to sow discord.
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