According to Bloomberg, many employees learned they had lost their jobs when their access to company-wide systems was suspended.
Twitter is asking some of the company’s dismissed employees to return after extensive layoffs, according to the news agency Bloomberg and the Insider news site, among others.
Some of those asked to return received departure passports by mistake, sources tell Bloomberg. For others, management has since realized that their work and experience could be needed by the company’s new billionaire owner Elon Musk’s in the development of planned new features.
The sources did not want to comment on the matter with their names, so that they would not be identified.
Musk: Twitter loses more than four million euros a day
About half of Twitter’s 7,500 employees lost their jobs last week. According to Bloomberg, many employees learned they had lost their jobs when their access to company-wide systems such as email and Slack was suspended.
Musk explained the layoffs with Twitter’s loss.
– Unfortunately, there is no choice when the company loses more than four million dollars a day, Musk wrote in his tweet.
Musk added that all those who received departure passes were offered three months’ severance pay, which he said is more than the law requires.
Musk paid $44 billion for Twitter, significantly more than the mostly loss-making company is worth. As a result of the transaction, the company’s debt burden has swelled by approximately 13 billion dollars. It is estimated that the company will have to pay interest of about one billion dollars a year.
Among other things, Musk, who pilots the electric car manufacturer Tesla and the space technology company Spacex, tried to wriggle out of the agreed Twitter deal in the summer. However, he agreed in the fall to buy the company for the previously agreed amount after Twitter forced Musk to finish the deal through the courts.
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Elon Musk fired the entire board of Twitter, is now the sole director of the company