Elon Musk Says Twitter Layoffs Have been Due To Firm Dropping $4 Million Per Day

Elon Musk is giving his justification for sending hundreds of Twitter workers packing … he says the fowl app was hemorrhaging cash.

Papa Elon broke his silence Friday night time on the mass layoffs that occurred earlier within the day at Twitter, claiming he had no alternative however to chop people unfastened … he says the social media service was shedding over $4 million a day.

As you already know … Elon just lately purchased Twitter for a staggering $44 billion, with the assistance of loans from Wall Road banks and big-time buyers, together with no less than $10 million from Diddy. So he is obtained to seek out methods to chop prices.

Elon says the parents who have been laid off have been provided 3 months of severance pay, which he says is “50% greater than legally required.”

As we reported … Twitter misplaced about half its workers within the cuts, with roughly 3,700 individuals being let go from the corporate.

Elon fired off a chilling memo to Twitter’s workforce Thursday, informing them layoffs have been coming … and workers fired again with a preemptive lawsuit.

Musk has been on a firing spree since inking the deal to purchase Twitter final month … promptly giving pink slips to a slew of high execs.

Laid off Twitter workers at the moment are sharing their tales on social media … mockingly posting goodbyes on Twitter.