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After laying off 50% of its employees, Twitter has now asked some of them to return. The company says he was terminated by mistake. Bloomberg has published a report regarding this. According to the report, the company management had fired some people in haste. Now the company feels that they will be needed to further Musk’s vision. This is the reason why they are being called back.
Twitter fired about half its employees
Elon Musk has started laying off employees around the world with the purchase of Twitter. The layoffs began on Friday. Nearly half of Twitter’s 7,500 employees have been fired. Twitter had over 200 employees in India, of which almost 90% have been fired. The engineering, sales, marketing and communications teams have been laid off.
Three types of emails to employees
Three types of emails have been sent to Twitter employees. One email is for those who have not been fired, one is for those who have been fired while one mail is for those whose jobs are still in limbo.
First four top officials were removed
Elon Musk fired four of the company’s top executives after it acquired Twitter on October 27 in a $44 billion deal. These include CEO Parag Agarwal, Finance Chief Ned Segal and legal executives Vijaya Gadde and Sean Edgett. This was followed by the exit of Chief Marketing Officer Leslie Berland, Chief Customer Officer Sarah Persnet and Jean-Philippe Mhow, Vice President of Global Client Solutions.
Loss of 32 crores to the company daily
On the layoffs, Musk had said, “When the company is losing $ 4 million (Rs 32.77 crore) a day, we have no option but to lay off employees. Those who have been removed have been given severance of 3 months, which is 50% more than the amount given by law.