Twitter’s new chief Elon Musk is set to begin mass layoffs at Twitter on Friday that will cut down the company’s workforce. The staff was informed about the layoff through an official email, as reported by The Guardian, New York Times, and Washington Post.
“In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday,” the mail said as reported by the Guardian.
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Reuters reported that the announcement of layoffs comes as Elon Musk completes a week of demanding deep cost cuts and imposing an aggressive new work ethic across the social media company.
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The notice mentioned those who will stay on their jobs will get an email to their work account while the rest who will be laid off will get a notification to their personal email. Employees were also directed not to disclose “confidential company information” on social media or with the press.
The move triggered fear across Twitter Inc offices on Thursday as 7,500 employees from San Francisco to Singapore fears losing their jobs as the planned exercise was to hit about half of the staff, reported Reuters.
The layoffs come amid speculations of as much as 50 per cent cut of Twitter’s workforce soon after Musk took over the reins of company after a $44 billion deal. This could translate into job loss for thousands of employees, as the company had more than 7,000 employees at the end of 2021 according to a regulatory filing.
The email also noted that its offices will be temporarily shut and all badge access will be suspended in order “to help ensure the safety of each employee as well as Twitter systems and customer data”.
Twitter’s new ‘sole director’ Musk aims to slash around 3,700 jobs at Twitter Inc or half of the company’s workforce in a bid to cut costs, according to the Bloomberg News report.
Musk also intends to retract the social media company’s existing work-from-anywhere policy to ensure that employees work from the office though some exceptions could be made.
Musk had already sacked several top executives including the chief executive, Parag Agrawal, finance chief, Ned Segal, and legal affairs and policy chief, Vijaya Gadde.
