Without notice .. “Twitter” cancels the contracts of 4,400 workers in contractual regime

According to internal communications shared with CNBC by Twitter full-time employees, a large number of Twitter contract workers found that their contracts were abruptly terminated last weekend after they lost access to Slack and other systems. of work.

The platform of social media it laid off 4,400 of its 5,500 contract workers, according to Platformer, who first reported the cuts.

Some of Twitter’s contract workers were based overseas in India, among other locations.

Twitter employees said they did not receive an internal notice before handing the workers over to the contractor system they were working with.

According to those employees, Twitter fired the whole team internal communication.

They also made bitter jokes that “i media covering the company now take on the role of internal communication “, referring to the foreknowledge of media of their dismissal.

The contractor job cuts will mark the last cut for the platform social mediawhich has already laid off nearly half of its staff following Elon Musk’s takeover of the company on October 28.

Twitter co-founder Jack Dorsey apologized last week for growing the company “too fast”, one day after the company. social media he had fired the workers.

Dorsey personally sought Musk’s takeover of his company in a controversial leveraged purchase and paid its shares to the new holding.

As of June 30, 2013, just before Twitter went public, it had about 2,000 employees, according to filings with the US Securities and Exchange Commission.

By the end of last year, the company reported it had grown to approximately 7,500 full-time employees.

Musk faced layoffs in a tweet dated November 4, writing: “In terms of the Twitter app, there is unfortunately no other option when the company is losing more than $ 4 million a day.”

He said: “All those who have been fired have received compensation for a period of 3 months, which is 50%. in more than the amount required by law “.

Since he entered in charge, Musk told other Twitter employees that he had sold billions of dollars in shares of Tesla, his company of auto electric, to save Twitter.

It is unclear whether Musk will continue to sell Tesla stock to pay off Twitter’s debt.

He also told Twitter employees that bankruptcy is not out of the question for the business of the social media in amid the economic slowdown and because advertisers fled or stopped spending on the platform during its tough takeover.

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