Twitter Terminates 4,400 Contract Workers’ Agreements

A large number of Twitter contract workers discovered their contracts were abruptly terminated last weekend after they lost access to Slack and other work systems, according to internal communications shared with CNBC by Twitter's full-time employees. Twitter has laid off 4,400 of its 5,500 contract workers.

The contractor's job cuts will mark the latest cutback for the social media platform, which already laid off nearly half of its staff after Elon Musk's takeover of the company on Oct 28.

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

He said, "Everyone who was dismissed received compensation for a period of 3 months, which is 50% more than the amount required by law."

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

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This article was previously published on UAE Moments.To see the original article, click here