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Twitter cut more than 983 California employees

After Tesla and SpaceX CEO Elon Musk took ownership of Twitter last week, the social networking giant embarked on a steep reduction in its workforce. The cuts affected a total of 983 employees in California, its home state, according to three letters of notice that the company sent to regional authorities, which were obtained by CNBC. The company’s new owner, CEO and sole director Musk, wrote in a tweet on Friday afternoon, “Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day. Everyone exited was offered 3 months of severance, which is 50% more than legally required.” According to the letters from Twitter, shared by the California Employment Development Department, Twitter notified affected employees on Nov. 4. Many of those workers described losing access to email, and other internal systems at Twitter, overnight on Nov. 3 in public posts on social media, including on Twitter itself.

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