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Twitter fires thousands of contract workers without warning after Elon Musk takeover

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Twitter slashed a massive number of contract workers in its recent layoffs after Elon Musk's takeover

The terminated employees said they were unable to access Slack and other work systems.

It was reported that nearly 4,400 of its 5,500 contract workers lost jobs.

READ MORE: ELON MUSK BANS REMOTE WORKING AND WARNS OF “DIFFICULT TIMES AHEAD” AT TWITTER

Some of its contract employees were based in India, as well as other locations.

Full-time workers said they had no internal alerts before contractors they were working worked were fired after Elon Musk's $44 billion takeover.

The San Francisco giant has removed its entire internal communications team.

READ MORE: TWITTER WILL MAKE MORE ADDITIONS TO ITS VERIFICATION SYSTEM AFTER ELON MUSK TAKEOVER

The removal of contractors' work represents the social media platform's latest downsizing.

It has already dismissed around half of its workforce since Elon Musk purchased the firm on October 28.

Musk and Twitter did not reply immediately to a request for a response.

Twitter co-founder Jack Dorsey apologized last week for growing the company "too quickly," a day after the layoffs were announced.

READ MORE: FIRED TWITTER ENGINEER FILES LAWSUIT CLAIMING HE WAS LAID OFF IN “RETALIATION” FOR HELPING OTHER STAFF

Dorsey actively pushed Musk for a controversial leveraged takeover of his firm and has folded his shares into the new holding company.

The platform had roughly 2,000 workers as of June 30, 2013, just before it went public.

By the end of last year, the firm had expanded to around 7,500 full-time employees.

READ MORE: FIRED TWITTER STAFF ASKED TO COME BACK AFTER BEING LAID OFF BY ELON MUSK

On November 4, Musk addressed the cuts in a tweet, writing: “Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day. 

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

Musk has notified the site’s existing employees that he has traded billions of dollars of Tesla shares, his electric vehicle company, in order to "save" Twitter.

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It's uncertain whether Musk will keep selling Tesla stock to pay down Twitter's debt.

He also reminded Twitter staff that the social media company's insolvency is not out of the question.

It's primarily due to the economic slump, and advertisers have left or suspended spending on the site during his contentious takeover.

Source: CNBC

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