Elon Musk clarified for the first time on Twitter layoffs, said - unfortunately I have no other way
Twitter's new owner Elon Musk is constantly laying off employees. Now in a tweet amid layoffs of employees, he said that he has no other option as the company is losing $ 4 million a day.
Elon Musk, the world's richest person and owner of a company like SpaceX, Tesla, has now become the new boss of Twitter. Allen has acquired Twitter for about $44 billion. After this deal, he is making big changes in Twitter. In the past week, Elon Musk has stirred up a Twitter blue tick, from recovery to employee layoffs. Elon Musk has now also made a tweet amid the layoffs of employees. He has said in his defense that he has no other option as the company is losing $4 million a day.
For the first time on the layoff of employees, Musk has tweeted and called it a necessity. He said that it is unfortunate that this is being done at a time when the company is losing $ 4 million every day to the company. So I had no other option. He said that all the evicted people have been given three months extra salary which is 50 per cent more than what is required by law.
Twitter's new boss Musk last week fired the company's CEO Parag Agarwal, as well as the chief financial officer (CFO) and some other top executives. Meanwhile, many people of the top management also resigned. Twitter has fired most of its employees in India. Prior to this layoff, the company had more than 200 employees working in India. Sources said that the Indian team has been greatly affected by this layoff.
New owner Elon Musk is making major changes to the company. Half of Twitter's 7,500 employees have been fired. According to media reports about 50 percent of the employees have lost their jobs. Sources said that the engineering, sales and communication teams have been cut.