Earlier last month, a Washington Post report said that Elon Musk plans to take over 75% of Twitter’s employees, which closed for $44 billion last Thursday. However, a new report from Bloomberg now points out 3,700 planned layoffs, representing roughly half of Twitter’s 7,500 employees.
Right after he took control of the company, the billionaire was already Apart from some leaders, including CEO Parag Agrawal, Ned Segal, Chief Financial Officer, and Sean Edgett, the company’s Chief Legal Officer. Elon Musk also fired Vijae Gadde, Twitter’s head of law, policy and trust, who was responsible for enforcing and creating the platform’s rules.
Elon Musk will start mass layoffs
Bloomberg report says Musk is planningNotify Twitter employees of these massive layoffs tomorrow, Friday, November 4. Some employees did not expect these announcements to leave the social media giant, especially since their platform vision is different from Musk’s.
People familiar with the matter said that Musk and a team of advisors are still considering layoffs and policy changes to implement. For example, Musk and his team,Offer 60 days severance pay to dismissed Twitter employees.
The billionaire will also explain the end of the company’s permanent work-from-home policy, The report states that it will require employees to come to Twitter offices, which was set up two years ago at the start of the COVID pandemic, with some exceptions. Earlier in the year, Elon Musk stated that he didn’t really appreciate most employees working from home. In his opinion, it was better to turn Twitter’s headquarters in San Francisco into a shelter for the homeless because ” no one works there anyway “.
