Jack Dorsey apologises to staff for layoffs Tesla stock plunges to new low as Elon Musk’s net worth drops below $200bn Mr Musk decided to lay off almost 50 per cent of Twitter staff, with the company’s employees alerted on their job status by email after barring their entrances to offices and cutting off their access to internal systems overnight. It is the latest episode in a week of chaos the San-Francisco-based social network, which reportedly may have to rehire some of the staff that it fired last week because it needs their expertise. The move appeared to cause a price-drop in Tesla’s stock that caused Mr Musk’s net worth to drop below $200bn. The Tesla and SpaceX boss, who bought Twitter for $44 billion last month, told his 115m followers that “shared power curbs the worst excesses of both parties”, and that voters should therefore limit a Democratic president by voting for a Republican Congress. Musk has been criticised for urging “independent-minded voters” to back Republican candidates in this week’s midterm elections.
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