Twitter cuts a large number of contract workers without giving internal teams a heads up

A ample fig of Twitter's declaration workers discovered they were abruptly terminated this play aft they mislaid entree to Slack and different enactment systems, according to interior communications shared with CNBC by full-time Twitter employees.

An estimated 4,400 of its 5,500 declaration workers were cut, according to Platformer, which archetypal reported connected the cuts. CNBC has not confirmed the full number.

Some of Twitter's declaration workers were based overseas successful India, among different locations. Full-time employees, who asked to stay un-named since they were not authorized to talk connected behalf of Twitter, said that they had nary interior announcement earlier contractors they were collaborating with were fto go.

Twitter has dismissed each of its interior communications team, according to these employees. They besides cracked bitter jokes that media outlets covering the institution are present filling the relation of interior communications.

The cancellation of contractors' enactment would people the latest simplification astatine the societal media platform, which already laid disconnected astir fractional of its employees pursuing Elon Musk's acquisition of the institution connected Oct. 28.

Musk and Twitter did not instantly respond to a petition for comment.

Twitter co-founder Jack Dorsey apologized past week for increasing the institution "too quickly," a time aft the societal media institution carried retired the layoffs. Dorsey personally endeavored for Musk to instrumentality implicit his institution successful a contentious leveraged buyout and has rolled his ain shares into the caller holding company.

As of June 30, 2013, soon earlier Twitter went public, it had astir 2,000 employees, according to documents filed with the U.S. Securities and Exchange Commission. By the extremity of past year, the institution reported that it had grown to astir 7,500 full-time employees.

Musk addressed the layoffs successful a tweet connected Nov. 4, writing: "Regarding Twitter's simplification successful force, unluckily determination is nary prime erstwhile the institution is losing implicit $4M/day. Everyone exited was offered 3 months of severance, which is 50% much than legally required."

Since helium has taken over, Musk has informed remaining Twitter employees that he sold billions of dollars worthy of shares successful Tesla, his electrical conveyance business, to "save" Twitter. It's not wide if Musk volition proceed to merchantability Tesla shares to wage down Twitter's debt.

He besides told Twitter employees that bankruptcy is not retired of the question for the societal media concern amid an economical downturn, and arsenic advertisers person fled oregon paused spending connected the level during his rocky takeover.