Dynamite News Twitter: Elon Musk Defends Deep Cuts To Company's Workforce
The billionaire Musk insisted in his own tweet that all those losing their jobs were offered three months of severance pay, "which is 50 per cent more than legally required". Read on for details:
Los Angeles: Twitter's new owner Elon Musk has defended sacking about half the company's workforce, saying he had "no choice" as Twitter was losing more than $4 million a day.
A tweet from Yoel Roth, Twitter's head of safety and integrity, referred to "approximately 50 per cent cuts company-wide". But Musk said the social media giant's commitment to content moderation was "absolutely unchanged".
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Musk, the world's richest man, took over Twitter in a $44bn deal. The billionaire insisted in his own tweet that all those losing their jobs were offered three months of severance pay, "which is 50 per cent more than legally required".
According to reports, as the scale of the job cuts became clear, notices provided by Twitter to officials in California revealed that around 983 staff were being laid off in that US state alone. It concerns 784 employees in San Francisco, 106 in San Jose and 93 in Los Angeles. (Agences)
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