Twitter sued by former staff as Elon Musk begins mass firings | First Thing
The reduction, to be delivered by email, comes amid speculation the new Twitter CEO will cut as much as 50% of staff. Plus, climate on the ballot of the midterms
Good morning.
Twitter is facing a class action lawsuit from former employees who say they were not given enough notice under US federal law that they had lost their jobs, finding out they had been made redundant when they were locked out of their work accounts on Thursday.
Why is Musk cutting so many staff? Musk's job cuts come as part of a broader effort to make the company profitable after purchasing it for $44bn, a price he said was overpaying". To complete the deal, he put forward a combination of his own funding and loans of approximately $13bn, which he is now under pressure to pay back.
What else is happening? Here's what we know on day 254 of the invasion.
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