This Article First Appeared In Forbesindia On Nov 14, 2022
On October 28, 2022 Elon Musk finally acquired Twitter for $44 billion. The first plan of action on his agenda was layoffs. A week post the acquisition, the workforce reportedly received an email stating, “If your employment is not impacted, you will receive a notification via your Twitter email. If your employment is impacted you will receive a notification with next steps via your personal email.”
As expected, about 50 percent of the staff received emails on their personal email. Globally, Twitter has laid off close to 3,700 employees and from the India team, 180 of the 230 employees have been fired. On the layoffs he tweeted, “Unfortunately there’s no choice when the company is losing over $4M/day.”