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Twitter asks some laid off workers to come back, Bloomberg reports
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(Reuters) – After Twitter Inc laid off roughly half its staff on Friday following Elon Musk’s $44 billion acquisition, the company is now reaching out to dozens of employees who lost their jobs and asking them to return, Bloomberg News reported on Sunday.
(Reuters) – After Twitter Inc laid off roughly half its staff on Friday following Elon Musk’s $44 billion acquisition, the company is now reaching out to dozens of employees who lost their jobs and asking them to return, Bloomberg News reported on Sunday.
Some of those who are being asked to return were laid off by mistake. Others were let go before management realized that their work and experience may be necessary to build the new features Musk envisions, the report said citing people familiar with the moves.
Twitter recently laid off 50% of its employees, including employees on the trust and safety team, the company’s head of safety and integrity Yoel Roth said in a tweet earlier this week.
Tweets by staff of the social media company said teams responsible for communications, content curation, human rights and machine learning ethics were among those gutted, as were some product and engineering teams.
Twitter on Saturday updated its app in Apple’s App Store to begin charging $8 for sought-after blue check verification marks, in Musk’s first major revision of the social media platform.
Twitter did not immediately respond to Reuters’ request for comment.
(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Lisa Shumaker)
A layoff is the termination of employees from their jobs, often due to economic conditions or company restructuring. It can be temporary or permanent, depending on the company's needs.
Corporate strategy refers to the overall plan and direction a company takes to achieve its goals and objectives. It encompasses decisions about resource allocation, market positioning, and competitive advantage.
Innovation in business involves creating new ideas, products, or processes that improve efficiency, effectiveness, or competitive advantage. It is essential for growth and adapting to market changes.
An employment opportunity is a job opening or position available for individuals seeking work. It can arise from company growth, turnover, or new projects requiring additional staff.
A financial community is a network of individuals, organizations, and institutions involved in the finance sector. It includes banks, investors, regulators, and other stakeholders that interact in financial markets.
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