Musk in a tweet defined his rationale behind sacking virtually 50% of the workforce. The brand new proprietor of Twitter stated that the corporate had no selection because it was bleeding cash. “Relating to Twitter’s discount in power, sadly there is no such thing as a selection when the corporate is dropping over $4M/day,” he stated in a tweet.
He additionally defined that everybody who was let had been supplied a severance package deal. “Everybody exited was supplied 3 months of severance, which is 50% greater than legally required,” he stated in the identical tweet.
The staff who’re nonetheless with Twitter, as per a report by The Verge, obtained one other electronic mail, which confirmed that they weren’t sacked. The Verge report has revealed the e-mail and right here it’s in its entirety:
Thanks on your persistence by this transition and on your dedication to the necessary work you do at Twitter. We’re sending this electronic mail to verify that your employment just isn’t impacted by right now’s workforce discount.
All through the final week,
We all know you possible have quite a lot of questions and we could have extra info to share subsequent week. Within the meantime, please word that till Monday, Birdhouse is quickly offline, our workplace buildings are quickly closed and all badge entry is quickly suspended. Workplaces will reopen on Monday, Nov. seventh.
Thanks for persevering with to display respect for impacted colleagues as we navigate these adjustments. As a reminder, we count on you to proceed to adjust to firm coverage by refraining from discussing confidential firm info on social media, with the press or elsewhere.
We stay up for working with you on Twitter’s thrilling future.