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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

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Tech

Oops. Twitter is already trying to rehire workers Elon Musk fired days ago, sources say

By
Kurt Wagner
Kurt Wagner
,
Edward Ludlow
Edward Ludlow
, and
Bloomberg
Bloomberg
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By
Kurt Wagner
Kurt Wagner
,
Edward Ludlow
Edward Ludlow
, and
Bloomberg
Bloomberg
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November 6, 2022, 4:08 PM ET
Twitter headquarters in San Francisco.
Twitter headquarters in San Francisco.David Odisho—Getty Images
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Twitter Inc., after laying off roughly half the company on Friday following Elon Musk’s $44 billion acquisition, is now reaching out to dozens of employees who lost their jobs and asking them to return.

Some of those who are being asked to return were laid off by mistake, according to two people familiar with the moves. Others were let go before management realized that their work and experience may be necessary to build the new features Musk envisions, the people said, asking not to be identified discussing private information.

Twitter cut close to 3,700 people this week via email as a way to trim costs following Musk’s acquisition, which closed in late October. Many employees learned they lost their job after their access to company-wide systems, like email and Slack, were suddenly suspended. The requests for employees to return demonstrate how rushed and chaotic the process was.

A Twitter spokesperson did not reply to a request for comment. Twitter’s plan to hire back workers was previously reported by Platformer.

“Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day,” Musk tweeted on Friday.

Twitter has close to 3,700 employees remaining, according to people familiar with the matter. Musk is pushing those who remain at the company to move quickly in shipping new features, and in some cases, employees have even slept at the office to meet new deadlines.

Over the weekend, Twitter rolled out a new Twitter Blue subscription plan, offering a verification check mark for any user who pays $8 a month. The company also said it will soon be launching other features, including half the ads as well as the ability to post longer videos and to get priority ranking in replies, mentions, and searches.

The New York Times on Sunday reported Twitter will delay changes to the check marks until after Tuesday’s midterm elections, after users and employees raised concerns that the plan could be misused to sow discord. 

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