Monday, 28 Nov 2022

Elon Musk defends Twitter layoffs, saying staff given three months pay

Elon Musk defends Twitter layoffs, saying staff given three months pay


Elon Musk defends Twitter layoffs, saying staff given three months pay

Elon Musk has defended the mass layoffs at Twitter by saying axed employees received a three-month payment from the company, which is losing more than $4m a day.

The company began widespread staff cuts around the world on Friday, with suggestions that as many as half of its more than 7,500 staff could lose their jobs.

Musk tweeted on Friday evening: "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."

Musk is thought to want to drastically reduce costs at the company after completing his $44bn ($39bn) takeover of the platform last week.

He tweeted a series of posts by Twitter's head of safety, Yoel Roth, which said: "Here are the facts about where Twitter's Trust & Safety and moderation capacity stands today. While we said goodbye to incredibly talented friends and colleagues yesterday, our core moderation capabilities remain in place.

"Yesterday's reduction in force affected approximately 15% of our Trust & Safety organisation (as opposed to approximately 50% cuts company-wide), with our front-line moderation staff experiencing the least impact.

"Last week, for security reasons, we restricted access to our internal tools for some users, including some members of my team. Most of the 2,000-plus content moderators working on front-line review were not impacted, and access will be fully restored in the coming days.

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