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Musk To Lay Off Half Of Twitter’s Staff

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Twitter CEO Elon Musk reportedly plans to lay off half of Twitter’s staff, around 3,700 people, in a cost-cutting measure that will be announced Friday, Bloomberg reported Wednesday night, citing anonymous sources familiar with the matter. 

In addition to announcing the layoffs Friday, Musk intends to end the company’s flexible work-from-anywhere policy with some exceptions, according to sources who were not authorized to speak publicly on internal plans, Bloomberg reported.

The report follows weeks of speculation surrounding job cuts at the social media platform following a mass-firing of high-level executives, with Musk denying an initial report of a 75% cut and a subsequent report of a 50% cut that was allegedly intended to avoid paying out a significant employee compensation package on Nov. 1.

Some employees, in director and vice president roles, were already cut over the weekend, and senior personnel were asked to rank individuals’ contributions to Twitter’s code, anonymous sources told Bloomberg. The ranking was made in collaboration with engineers and directors from electric car maker Tesla, of which Musk is co-founder and CEO, and informed layoff decisions..

Musk and his team at Twitter considered many options before reaching the decision, and the final number of cuts is still subject to change, Bloomberg reported. One potential scenario included 60 days of severance pay for affected workers, in contrast to Musk’s denial of severance to several former executives like former CEO Parag Agrawal and Legal, Policy and Trust head Vijaya Gadde.

Twitter did not immediately respond to the Daily Caller News Foundation’s request for comment.

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One Comment

  1. Now THERE is content I would pay for. Just imagine the drama. Elon hires Trump (probably would do it for free) to be his hatchet man. Each Twitter employee marched into a majestic boardroom where Trump is sitting in a maroon & gold brocaid thronelike chair at the far end of a 30′ flame- mahogany table upon which which are stacked piles of the 3,700 red slips. The employee is led to a much too short and very uncomfortable chair at the opposite end of the table from Trump. Suddenly, in a great booming and authoritative voice, Trump bellows out the obvious question,”WHAT ARE YOUR PREFERRED PRONOUNS?” If the employee responds with ANYTHING other than “I don’t have any”, Trump roars “YOU’RE FIRED!!!!”

    Yes, I would pay to see that.

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