Elon Musk is asking Twitter to list layoffs
consequences BloombergOn October 29, Twitter’s new boss suggested “creating a list of people who can unsubscribe,” and the process could begin on October 30. Some sources say layoffs could happen before November 1, the day Twitter issues stock to employees and usually accounts for a significant portion of its earnings.
Some employees have also been invited to the meeting mid-next week, but others have yet to be announced, prompting speculation about possible layoffs.
A Twitter spokesman has not yet commented on the information.
Many employees at the company expressed concern after it was revealed that Elon Musk plans to cut 75% of Twitter’s total 7,500 employees. The American billionaire later denied the bet, but declined to give specific numbers.
Some sources say Musk could cut about 50% of his workforce. In particular, employees of the legal departments, information security and departments responsible for monitoring content on social networks will be left first.
Shortly after acquiring Twitter on Oct. 27, Musk fired Twitter CEO Parag Agrawal, CFO Ned Segal, Chief Legal and Administrative Officer Vijay Gadde, and General Counsel Sean Edgett for not being transparent with Twitter. Twitter. He is set to become CEO in the near future.
In recent weeks, Musk has also hinted at his employees’ priorities, saying he wants to focus on Twitter’s core products. “Software development, server operations and engineering will play a major role,” he said in early October.
Diep Anh (Track Bloomberg)