More layoffs at Twitter? New boss Elon Musk plans to sack more employees on Monday

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by Jacob Solomon Nov 21, 2022 News
More layoffs at Twitter? New boss Elon Musk plans to sack more employees on Monday

Since the world's richest man took control of the site, it has stayed in the news. Musk has made a number of changes to the social media platform since he became its boss.

Musk first day at the company marked a significant reduction in the company's workforce and it seems like he is not done with layoffs yet. As soon as Monday, the boss is going to fire more people. The people working in the sales and partnership side of the business will be affected by the layoffs.

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This followed mass resignations among engineers on Thursday, after the billionaire offered them an ultimatum: either stay on and work long hours in a more hardcore version of Twitter, or they would be fired. More workers in technical roles chose to leave than those in sales, partnerships and similar roles.

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Musk laid off nearly half of the total workforce. Engineering, communications, product, content curation, and machine learning ethics were some of the areas affected by the firing.

After firing almost half of its staff, Musk said he had no other choice because the social media site was losing money. There is no choice when the company is losing over $4 million per day.

Everyone who has been fired was offered three months of severance, which is 50 percent more than the law requires.

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