Elon Musk takes U-turn on sacked Twitter employees, says 'should rehire those…' | Mint

Copyright &copy HT Digital Streams Limited All Rights Reserved. Home/ News / World/  Elon Musk takes U-turn on sacked Twitter employees, says ‘should rehire those…’ Twitter owner, and outgoing CEO Elon Musk has hinted that the microblogging platform that fired nearly half its employee force when Elon Musk took over in October 2022, should ‘rehire some of the people that were let go’. In a recent interview with CNBC, the Tesla CEO was heard saying that Twitter had fired so mnay employees as a ‘desperate measure. He said, “desperate times call for desperate measures… Unfortunately, if you do it fast, there are some babies who will be thrown out.” Elon Musk took over one of the most influential micro-blogging platform Twitter in October 2022, after his $44 billion deal was completed. During the interview Musk claimed Twitter was facing a challenging situation, and it had negative $3 billion cash flow and just $1 billion in cash on hand. Elon Musk had fired more than 6,000 people at Twitter, reducing the headcount from 7,800 to about 1,500. See Elon Musk’s interview here “Desperate times call for desperate measures,” Elon Musk said Tuesday on the layoffs that shed more than 6,000 jobs
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