Tech

Twitter says it has made it clear to employees that there are no layoffs planned


Twitter on Thursday clarified to employees that there are no plans to lay off the company as a whole since the company signed an agreement to buy billionaire Elon Musk, after a media outlet reported that Musk was considering a job. lay off employees at the company.

Twitter General counsel Sean Edgett emailed employees on Thursday saying the company has no plans to lay off, according to a source who viewed the email.

washington articles report earlier on that Thursday Elon Musk told potential investors in his Twitter acquisition that he intends to eliminate nearly 75% of the company’s 7,500 workers, citing interviews and documents.

As reported by the Washington Post, job cuts are expected in the coming months, regardless of who owns the company.

The report said that Twitter’s current management planned to cut about $800 million in company salaries (about Rs 6,600) by the end of next year, a figure that would mean almost a quarter of the workforce. will have to leave.

Twitter did not immediately respond to Reuters’ request for comment.

Human resources officers at the social media company have told employees they have no plans for mass layoffs, but the documents show extensive plans to eliminate staff and cut facility costs infrastructure was in place before Musk offered to buy the company, the Washington Post reported.

Musk tried to walk away from a deal to buy Twitter in May alleging the company minimized the number of bot and spam accounts on the social media platform, which started a series of lawsuits between the two parties.

Earlier this month, Musk reversed course and said he would proceed with the deal on its original terms.

© Thomson Reuters 2022


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