Elon Musk: Sacked Twitter employees offered three-month payoff

Elon Musk said on Friday evening: “Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day."

Elon Musk says Twitter employees who lost their jobs have been offered a three month payoff (Brian Lawless/PA)

Twitter employees who lost their jobs have been offered a three-month payoff, according to Elon Musk, who said the company is losing more than $4 million US dollars (€4.1 million) a day.

The social media company began widespread staff cuts around the world on Friday, with suggestions as many as half of its more than 7,500 staff could be axed.