Elon Musk Defends Layoffs On Twitter Saying Staff Are Being Given Three Months Salary Twitter
The company began sweeping staff cuts worldwide on Friday, with suggestions that up to half of its more than 7,500 staff could lose their jobs. Musk tweeted on Friday night: “Regarding reducing the power of Twitter, unfortunately there is no choice when the company is losing over $4 million/day. Those who were leaving were offered 3 months of severance.” Musk is believed to be looking to drastically cut the company’s costs after completing a $US44 billion ($39 billion) acquisition of the platform last week....