As part of Elon Musk’s instruction to turn Twitter into a viable business, the company let go of close to 50% of its employees last week.
According to a recent Bloomberg article, the microblogging platform is now recruiting some of its fired employees back to “create the additional features Musk envisions.” The Twitter carnage last week left thousands of people without jobs and in tears. But according to Musk, in order to make the business viable, he had to terminate staff members. Ad revenue, according to him, was declining every day.
Twitter is “reaching out to scores of employees who lost their jobs and begging them to return,” according to the new report. According to sources familiar with the situation, several of the employees who requested a return to work were mistakenly fired. According to the article, management “got go of the staff before it understood that their expertise and skills may be crucial to construct the additional features Musk wants.” The corporation hasn’t yet provided any information on the same.
About the Twitter layoffs
Nearly 3700 people worldwide were let go last week by Musk, the Twitter CEO. The affected Twitter employees flocked to social media shortly after the layoffs started to discuss their experiences working at the company for numerous years.
In response to the layoffs, Musk stated, “Unfortunately, there is no other option when the company is losing more than $4M/day except to reduce the force at Twitter. Everyone who was let go received a 3-month severance package, which is 50% more than what was legally required.
Twitter introduced the verification subscription to charge for blue tick shortly after the major layoffs.
Twitter users would have to pay $8 per month for a blue tick, as Musk previously confirmed. Select markets, including the US, Canada, Australia, New Zealand, and the UK, can currently purchase a membership. In a tweet reply, Musk stated that the subscription will be accessible in India in less than a month. Numerous new features, such as blue tick, fewer advertisements, and content monetization choices, are included with the membership. and
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