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Since Elon Musk’s takeover of Twitter, the social media giant has been undergoing several reforms
Image via Elon Musk (Twitter)
Several of Twitter’s senior executives, including its CEO, CFO, and top attorneys, were sacked after Musk paid USD44 billion (RM208.8 billion) to acquire the firm. The board of directors was also dissolved.
Then, Twitter introduced a new subscription service priced at USD8 (RM38) for those who have or want to have the verified check mark on their Twitter accounts.
The company also had a massive layoff of over half of its employees via email, before soon realising that it was a mistake
After the takeover, half of Twitter’s employees were sacked following a brief email and revoked access to the company’s systems, such as email and Slack. Among the employees laid off were trust and safety, communications, product, and engineering teams.
Since the layoff, the remaining employees were pushed to quickly work on the new features for Twitter, with some of them having to sleep at the office due to the workload, as reported by New York Post. However, not long after that, Twitter is now allegedly asking former employees to return to work.
In a recent report by Bloomberg, some of the employees were laid off by mistake while others were fired before management realised that they needed their skills and expertise to revamp the social media platform according to Musk’s visions.
Multiple sources and Twitter Blind chats now saying that the company has begun to reach out to some people it laid off yesterday asking them to come back. Whoops!
— Casey Newton (@CaseyNewton) November 6, 2022
In relation to why they had to let their staff go, Musk previously tweeted that “there is no choice” as the company was losing USD4 million per day (RM18.9 million)
Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day.Everyone exited was offered 3 months of severance, which is 50% more than legally required.
— Elon Musk (@elonmusk) November 4, 2022