Published:

Oct 30, 2022 03:48 GMT

Days ago, the tycoon ruled out that he had plans to expel 75% of the workforce, something that some media had hinted at.

American businessman and billionaire Elon Musk has ordered the firing of an unspecified number of Twitter employees starting this Saturday, according to knew the newspaper The New York Times of four people familiar with the matter.

The bosses will have to draw up the lists of workers who will be fired and the process “will take place before November 1, the date on which employees were supposed to start receiving stock grants as part of their severance,” the media outlet said. . This accelerated action will allow the new owner to avoid additional costs.

Some teams will be cut more than others on the platform, which now has a workforce of about 7,500 workers.

Among the goals Musk told investors before finalizing the Twitter purchase were to reduce the workforce, roll back content moderation rules and seek new revenue streams.

On Thursday, the tycoon ruled out that he had plans to expel 75% of the workforce, something that some media had hinted at. Meanwhile, a third person put the layoff percentage at roughly 50%, citing Jared Birchall, Musk’s right-hand man.

Source: Actualidad

Disclaimer: If you need to update/edit/remove this news or article then please contact our support team Learn more

J. A. Allen

Author, blogger, freelance writer. Hater of spiders. Drinker of wine. Mother of hellions.

Leave a Reply