Time To Leave the Nest: Elon Musk fires 3,700 Twitter employees

As anticipated, social media platform Twitter has confirmed firing half its employees. The new owner of Twitter, Elon Musk, had fired the CEO and the entire Board of Twitter late last month after acquiring the platform valued at 25 billion dollars. Musk paid 44 billion dollars for the acquisition.

Musk tweeted that there was no option but to let the staff go as the company was bleeding US 4 million dollars a day. Every employee fired, he claimed, had been given three months of severance pay which, he added, was 50 per cent more than required. 

Musk also blamed activists in the United States who had pressurised advertisers to stay away from Twitter for its failure to moderate content ahead of a crucial mid-term Congressional election in the US next week for the US Senate and the House of Representatives. There had been a massive drop in revenue, said Musk, who took over Twitter last week.

The company, agencies reported, was silent about the depth of the cuts until late on Friday, when head of safety and integrity Yoel Roth tweeted confirmation of  plans to lay-off about 3,700 people, or 50% of the staff.

00:Tweets by staff of the social media company said teams responsible for communications, content curation, human rights and machine learning ethics were among those affected, as were some product and engineering teams. Among those let go were 784 employees from the company's San Francisco headquarters and 199 in San Jose and Los Angeles. 

While a section of employees are planning to challenge the lay offs in court, others took to social media to express their outrage at the manner of their dismissal. Others expressed their solidarity with colleagues. 

At least one employee tweeted that she has been retained but she felt like ‘vomitting’.