<ul><li>Elon Musk plans to rehire some of the employees who were laid off during Twitter's restructuring, acknowledging that the job cuts were excessive.</li><li>Musk reduced Twitter's headcount by 80% to cut costs and drive profitability, but now recognizes that some individuals shouldn't have been included in the downsizing.</li><li>Linda Yaccarino, a former NBCUniversal executive, has been appointed as Twitter's CEO, and Musk has confidence in her abilities to handle operations while he focuses on product innovation.</li><li>Twitter faced challenging financial circumstances with negative cash flow and declining ad revenue before Musk's takeover, leading to a significant reduction in the company's valuation.</li></ul>

‘Twitter will try to rehire some employees that were let go’: Musk acknowledges excessive layoffs

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