Twitter has started laying off employees in India and reportedly a "significant chunk" of the team has been handed the pink slip. After Elon Musk's takeover of Twitter, there are reports of layoffs of many employees from the company, in such a situation where Elon Musk's decision has angered many, Meanwhile, 25-year old Indian Yash Agarwal, who was one of the employees to get fired, took to Twitter to explain while losing a job is one of life’s hard events, he has taken the hit in another way.
“Just got laid off. Bird App, it was an absolute honour, the greatest privilege ever to be a part of this team, this culture" read Yash’s post on Twitter where he announced the news of losing job at Twitter. The same was also shared on his LinkedIn profile.
One user said, "This positive outlook towards life is rare to see. Wish you unmatched success and happiness in everything you choose to do! Best wishes for your future endeavours!
Musk, the world's richest person, is looking to cut around 3,700 Twitter staff, or about half the workforce, as he seeks to slash costs and impose a demanding new work ethic, according to internal plans reviewed by Reuters this week.
Musk began his innings at Twitter last week by firing the CEO Parag Agrawal as well as the CFO and some other top executives. This was followed by an exodus of top management. Musk has now started a massive exercise to downsize the company's global workforce.
Defending his decision over the layoff of Twitter employees, Musk said that the micro-blogging site was losing more than $4 million per day. "Regarding Twitter's reduction in force, unfortunately, there is no choice when the company is losing over USD 4M/day. Everyone exited was offered 3 months of severance, which is 50% more than legally required," Musk said.