Independent TV
Showing now | Lifestyle
00:50
Twitter: Elon Musk defends mass layoffs, says he had ‘no choice’ but to make cuts
Elon Musk has defended the mass layoffs that saw half of Twitter’s almost 8,000 workers sacked, saying “unfortunately, there is no choice”.
Despite making cuts, the world’s richest man insisted that the social media platform’s commitment to moderation remained “absolutely unchanged” but blamed daily losses of $4 million for the sackings.
“Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4m (£3.5m) a day,” Mr Musk tweeted.
“Everyone exited was offered three months of severance, which is 50 per cent more than legally required.”
Click here to sign up for our newsletters.
Up next
01:51
Gérard Mestrallet on the challenges of bringing infrastructure to the region of AlUla
02:07
Sir George Iacobescu, chairman of the Canary Wharf Group on the investment into the historic region of AlUla
02:00
Oliver Ripley of sustainable hotel group Habitas talks about how AlUla challenged his preconceptions of Saudi Arabia
02:09
