In recent tweets the co-founder and former CEO of Twitter apologized to the fired employees for growing the company’s size too fast.
The founders of Lyft made the decision to layoff 13% of their employees to combat the company’s rising costs.
Twitter employees filed a federal lawsuit against Twitter on Thursday claiming the company didn’t comply with the WARN Act.
Twitter employees are waiting to read an email whether they are still employed or fired from the company as mass layoffs begin today.
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If the new reports are true, then Twitter will layoff 3700 employees on this Friday, which is about half of the current Twitter employee headcount.