After firing half of Twitter’s workforce, and then issuing an ultimatum that resulted in more than half the remaining staff resigning, Musk is already asking many to come back and softening his hardline stance on remote work. Indeed, Twitter had to create an “accidental termination” category to re-onboard employees.
That’s happening in a broader context of labor market tightness. Even as recession fears grow, employees are still actively looking for new jobs. That’s unsurprising–and it aligns with the latest jobs report, which found that U.S. employers added 263,000 jobs in November. That’s down only modestly from 284,000 added in October, with unemployment holding steady at a very low 3.7%, all despite the Fed’s interest rate increases.
