Twitter Inc is entering its second full workweek under Elon Musk, with half of its workforce, mounting losses, and a couple of unexpected plan reversals. The social media company laid off nearly 3,700 people on Friday, only to reach out to dozens of employees who were either fired in error or were too important to the changes the billionaire businessman wants to make.
Another of Musk's key early goals, adding verification check marks for monthly subscription service members, has been postponed until Wednesday to avoid potential chaos during the US midterm elections.
The events, as described by people familiar with the situation or in an internal company memo posted on Slack, come on the heels of Musk's own admission in a tweet that the company he and wealthy partners purchased for $44 billion is losing $4 million per day.
Following Musk's acquisition, which closed in late October, Twitter reduced its workforce to cut costs. Many employees discovered they had lost their jobs after their access to companywide systems such as email and Slack was abruptly suspended. Employee requests to return demonstrate how rushed and chaotic the process was.
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