Elon Musk: Billionaire says he had had ‘no choice’ over firings as Twitter losing $4m per day

LIVE – Updated at 00:41 Elon Musk said he had ‘no choice’ but to fire around 3,700 Twitter employees worldwide as the company is losing $4m per day.The billionaire took to Twitter to break his silence on the firings on Friday afternoon.’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,’ he tweeted.Earlier in the day, thousands of employees at the company ost their jobs, with staff notified about the layoffs in an email on Thursday.’Team, In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday,’ the internal memo to the employees noted.’We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company’s success moving forward.’Mr Musk has already made several changes to the company, starting with the firing of three of its top executives, including chief executive Parag Agrawal.He had earlier told prospective investors that he intended to reduce the company’s staff from around 7,500 down to just over 2,000.Bloomberg reported on Thursday that he planned to cut about 3,700 jobs at Twitter – about half the company’s workforce. Twitter sued for mass layoffs without enough noticeTwitter employees are calling Friday ‘The Snap’ and posting Thanos memesEmployees received emails saying layoffs are starting todayMusk breaks silence on Twitter firingsTwitter’s Head of Safety & Integrity insists ‘core moderation capabilities remain in place’ Friday 4 November 2022 06:31 , Vishwam Sankaran Good morning and welcome to The Independent’s live blog on the latest with Twitter following Elon Musk’s takeover, including the news that potentially thousands of layoffs are to be announced today. Friday 4 November 2022 06:43 , Vishwam Sankaran Twitter staff reportedly received an unsigned email on Thursday announcing that layoffs are coming on Friday morning (today).Employees will be notified either via their official company email accounts if they still have jobs, or via their personal email accounts if their ’employment is affected,’ according to NBCNews.Employees in Twitter just got an email from their bosses saying layoffs are coming tomorrow.Those who are staying will get a note tomorrow in their work email. Those who are let go will get an email sent to their personal address.Slot machine-style layoffs.- Ben Collins (@oneunderscore__) November 4, 2022Everyone affected by the layoffs will receive an email by 9AM PST Friday, the internal memo reportedly said. Friday 4 November 2022 07:08 , Vishwam Sankaran Anticipating the layoff of over half of the company’s workforce on Friday, some Twitter employees are reportedly calling the day ‘The Snap,’ in reference to the Marvel villain’s extermination of half of all life in the universe.Casey Newton, a former editor for The Verge, tweeted that dozens of Twitter’s employees are also posting possible farewell messages on Slack.In Slack, dozens of employees are posting the