Twitter set to make job cuts after Elon Musk takeover
By David Wood | 4th November 2022
There is speculation that as many as half of Twitter's 8,000 jobs may be axed.
Twitter, which struggles to make a profit, says it will inform its staff today (Friday) about whether they will be laid off following the firm's takeover by Elon Musk.
In an internal email, the social media company said the cuts are "an effort to place Twitter on a healthy path", the BBC reported.
The firm added that its offices would be temporarily closed and badge access would be suspended.
The multi-billionaire will be Twitter's chief executive after buying the firm last week in a $44bn (£39.3bn) deal.
In the email, Twitter said it would go through the difficult process of reducing its global workforce on Friday.
It added: "We recognise this will impact a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company's success moving forward."
The company said office access would be immediately limited "to help ensure the safety of each employee as well as Twitter systems and customer data".
All staff are set to receive an email with the subject "Your Role at Twitter" by 4pm today.
Related Articles
Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.