Twitter workers are suing Elon Musk as the company begins a programme of mass sackings.
The billionaire has started swinging the axe as he plans to sack 3,7000 workers – or roughly half the workforce.
But employees have filed a class-action lawsuit, saying the lack of notice for the sackings is in violation of federal and state law.
Twitter’s offices are temporarily closed and some workers have reported that their access to company email and Slack has already been cut off.
5 things to start your day
1) Britain faces longest recession on record – Bank of England warns economy already in decline as it announces eighth rate rise in a row
2) Saudi Arabia launches electric car company to challenge Tesla – Oil-rich kingdom announces joint venture with Taiwan’s Foxconn
3) BMW boosted by demand from Chinese drivers – Carmaker’s results come ahead of German leader Olaf Scholz’s visit to Beijing
4) World ‘plunging towards societal collapse’ as era of cheap money ends – Hedge fund Elliott hits out at central banks as prices spiral
5) Deloitte replaces half of its UK executive team in purge of older partners – Unexpected reshuffle makes way for six newcomers
What happened overnight
Shares were mostly higher in Asia on Friday led by a 5.8pc jump in Hong Kong’s Hang Seng index as Chinese markets were lifted by speculation that Beijing might begin to ease pandemic restrictions.
Hong Kong’s Hang Seng climbed 16,221.86, while the Shanghai Composite added 2.1pc to 3,060.39.
Japan’s benchmark Nikkei 225 fell, catching up after Japan’s markets were closed Thursday for a holiday, dropping nearly 2pc to 27,120.61
Australia’s S&P/ASX 200 added 0.3pc to 6,878.20 and South Korea’s Kospi gained 0.3pc to 2,335.72.
