Elon Musk claims he has saved Twitter from bankruptcy

Twitter is still "definitely not financially healthy yet," according to Elon Musk, but it "trends to be so" in the future.

Only one day after 200 Twitter employees realised they had lost their jobs, Elon Musk tweeted a motivational message wishing his followers a “nice Sunday.”

“Hope you have a great Sunday,” said the Twitter owner. “First day of your life after this.”

Musk’s tweet was posted at the same time as the announcement that 10% of Twitter’s surviving employees had been let go, including Esther Crawford, the devoted executive who adopted her new boss’ “very tough” work ethic.

In the early years of Musk’s leadership of the San Francisco-based business, Crawford was reportedly seen sleeping on the floor of her corporate office.

The timing of Saturday’s layoffs, according to the NY post, was chosen to prevent Twitter from paying out to people who want to cash out unvested equity in company shares at its original $54.20 purchase price.

Senior product manager Martijn de Kuijper, who is based in Holland, tweeted that he too found out about his firing when he was unable to access into his company’s computer system.

“Waking up to find I’ve been locked out of my email. Looks like I’m let go,” de Kuijper, the creator of the Twitter-acquired Revue mailing programme, tweeted.

Since finalising his $44 billion purchase of Twitter last autumn, Musk has drastically reduced the company’s employment of over 7,000 people by an astounding 70%.

Over 2,000 workers were still employed by the company as of Monday.

After Musk took over the firm, ad sales have drastically decreased, leaving Twitter in a precarious financial situation.

Musk claimed earlier this month that his company’s restructuring and layoffs “saved it from bankruptcy.”

READ MORE : http://Twitter employees suffer fresh blow under Elon Musk