Elon Musk Says “No Choice” Addressing Mass Layoff

As Twitter begins to lay off half its force, Elon Musk took to Twitter to address the issue.

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Regarding Twitter’s reduction in force, unfortunately there is no choice, Musk tweeted.

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Musk reasoned he had to do this as the company is losing $4 million daily in revenue.

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However, Musk revealed that laid off employees are being well compensated.

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Everyone exited was offered 3 months of severance, which is 50% more than legally required, Musk tweeted.

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The eccentric billionaire completed the Twitter buyout later last month after months of back and forth

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Currently, Elon Musk is acting as the sole director of the social media company.

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