In October of last year, when Elon Musk assumed control of Twitter, he claimed that reforms were necessary to offset the company’s losses.

Musk acquired a firm with 7,500 workers and fired 3,700 employees in November, stating, “There is no choice when the company is losing over $4mn/day.”

He justified the move by stating that all terminated employees were provided three months of severance pay, which is “50% more than legally required”.

Musk informed employees in late November that there were no more plans for workforce cutbacks.

Musk announced in November that Twitter will become a more rigorous workplace, telling employees that they must comply or quit the firm.

According to Daily Mail, the billionaire has been astute and forthright about the financial problems affecting the firm and made it obvious prior to his official acquisition that cost-cutting will be his first focus.

Workers at the time were required to sign a commitment in order to continue in their positions.

The staff received an email that stated, “If you are sure that you want to be part of the new Twitter, please click yes on the link below.” Musk informed staff that if they did not sign the form by Thursday at 5:00 p.m. Eastern time, they would receive three months of severance compensation.

Musk then began shutting offices, overhauling the platform, adding and eliminating portions of the firm, and restoring employees who had been suspended under earlier Twitter censorship attempts, while always repeating that budgetary balance was the top priority.

The unexpected loss of access to their Slack channel last week prompted employees to fear another round of layoffs this month. On Saturday night, several users discovered that they had been locked out of their email accounts and computers. Certainly, further reductions were forthcoming.

Twitter laid off an additional 200 employees, or around 10 percent of its remaining personnel, the highest amount of layoffs since November, when half of the firm was terminated. The layoffs announced on Saturday reduce Twitter’s headcount to less than 2,000 employees. The layoffs implemented on Saturday targeted product managers, data scientists, and engineers.

Musk tweeted on Sunday, ‘Hope you have a good Sunday. First day of the rest of your life.’

More on this story via The Republic Brief:

The latest cuts primarily hit product managers including Esther Crawford, as well as data scientists and engineers who worked on machine learning and site reliability, according to the New York Times. CONTINUE READING…