Musk’s Twitter makes a U-turn after a 50% layoff, saying “Please come back”: Report

Following Musk’s takeover, Twitter fired almost 3,700 staff through email on Friday in an effort to reduce costs.

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Twitter Inc. has reversed the decision and is asking a dozen employees who lost their jobs to come back, according to the news agency Bloomberg, after firing about half the business on Friday in the wake of Elon Musk’s $44 billion takeover.

“Some of those who are being asked to return was laid off by mistake. Others were let go before management realized that their work and experience may be necessary to build new features Musk envisions,” said people familiar with the moves, asking not to be identified discussing private information.

After Musk’s takeover, Twitter fired almost 3,700 staff through email on Friday in an effort to reduce costs. The sudden suspension of access to company-wide technologies like email and Slack caused many employees to learn they had lost their jobs.

According to Bloomberg, the calls for staff to come back show how hurried and disorganised the process was. Requests for comment from a Twitter representative went unanswered. Platformer first revealed Twitter’s intention to rehire staff.

executive level Top executives like CEO Parag Cuts Agrawal, CFO Ned Segal, and director of law and policy Vijaya Gadde were also let go by Musk.

Taking to Twitter, Musk wrote, “Regarding Twitter’s reduction in force, unfortunately, there is no choice when the company is losing over $4M/day.”

Individuals with access to the situation estimate that there are still about 3,700 people working at Twitter. Elon Musk is currently pressuring the company’s remaining staff to proceed swiftly with the delivery of new features; in some cases, they have even stayed up late to meet these deadlines.

In the past week, Musk has changed a number of things at Twitter, including the $8 arrangement. For users that pay $8 per month for the new Twitter Blue membership plan, the microblogging platform will add a verification checkmark to their profile.

The business added that more features, such as half the advertisements, the option to publish longer videos, and priority ranking in answers, mentions, and searches, would soon be available.