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Elon Musk Is Said to Have Ordered Job Cuts Across Twitter


SAN FRANCISCO – Elon Musk Four people with knowledge of the matter said they would start laying off employees at Twitter on Saturday, with some managers being asked to compile a list of staff cuts.

Mr. Musk, who completed a $44 billion deal to buy Twitter on Thursday, ordered the entire company to be cut, with some teams being cut more than others, three of those who declined to be identified said for fear of reprisals. The size of the layoffs could not be determined. Twitter has about 7,500 employees.

Reports of layoffs at Twitter have been swirling ever since Mr. Musk agrees to buy the company in April. The billionaire, who also leads electric car maker Tesla and rocket company SpaceX, has tell investors If so, he will make Twitter privatereduce the workforce, restore content moderation rules, and find new revenue streams.

The layoffs at Twitter will come before November 1 when employees are scheduled to receive stock grants as part of their compensation. Such benefits often represent a substantial portion of an employee’s salary. By laying off workers before that date, Mr. Musk can avoid paying the benefits.

Twitter and Musk’s representatives did not respond to a request for comment.

Mr. Musk, 51, has advanced rapidly since taking ownership of Twitter on Thursday. He to the company’s headquarters in San Francisco on Wednesday and start meeting with staff. Late Thursday, he fired the CEO of Twitter, the CFO and other executives. He also made a attractive to advertiserswho provides the bulk of Twitter’s revenue, told them the platform would be a respected advertising destination.

However, Musk is taking the time to evaluate other areas of Twitter, such as deciding which posts to update and remove on the site. Although he initially said he wanted Twitter to be a free place for all kinds of comments and would bring back banned users, including former President Donald J. TrumpMusk on Friday made it clear that such changes would not happen immediately. Instead, he announced that he intended to form a council to handle content inquiries and will not immediately reinstate banned users.

On Twitter, some users who accused the platform of deceiving them were excited about the new ownership, while others worried that the site would be flooded with hate speech and misinformation. . Some users – such as star producer Shonda Rhimes, “This is us Executive producer Ken Olin and “Billions” host Brian Koppelman – tweeted that they were leaving the social media platform for now because it’s run by Mr. Musk.

Other Twitter users expressed concern about a spate of hate speeches reported on the platform since Mr. Musk took control. National Basketball Association star LeBron James pointed to a report by the Cyber ​​Infection Research Institute, a private group that studies the spread of ideological content online, speak that the use of racial slurs on Twitter increased by nearly 500% in the 12 hours after Mr. Musk’s deal was finalized.

“I don’t know Elon Musk and, tbh, I might care less than who owns twitter,” Mr. James tweeted. “But I will say that if this is true, I hope he and his people take this very seriously because this is very scary.”

On Saturday, Mr Musk took to Twitter to discuss the food. “Freshly baked bread & cakes are one of life’s great joys,” he tweeted.

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