Twitter begins layoffs
Twitter Inc temporarily closed its offices yesterday after telling employees they would be informed by email later in the day about whether they are being laid off. The move follows a week of uncertainty about the company's future under new owner Elon Musk. The social media company said in an email to staff it would tell them by 9:00 am Pacific time yesterday about staff cuts. "In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday," said the email sent on Thursday, seen by Reuters. Musk, the world's richest person, is looking to cut around 3,700 Twitter staff, or about half the workforce, as he seeks to slash costs and impose a demanding new work ethic, according to internal plans reviewed by Reuters this week.
Comments