Elon Musk orders layoffs to begin on Twitter
- October 30, 2022
- 0
Elon Musk (Elon Musk) has ordered that the company he bought Twitter to start reducing employees from October 29. This was reported by The New York Times, citing
Elon Musk (Elon Musk) has ordered that the company he bought Twitter to start reducing employees from October 29. This was reported by The New York Times, citing
Elon Musk (Elon Musk) has ordered that the company he bought Twitter to start reducing employees from October 29. This was reported by The New York Times, citing sources.
According to them, some sections should be cut more than others. The agency’s interlocutors noted that some of the company’s executives have already requested lists of employees to be laid off. The number of employees to be laid off is not specified. About 7,500 people work at Twitter.
The publication writes that employees must be laid off by November 1, when they receive grants in the form of company shares, which make up a significant part of their salary. Musk can avoid paying the grants by making cuts before that date.
On October 27, the entrepreneur closed the deal on the acquisition of Twitter. Among the expected innovations with its arrival is the removal of the application to block users forever. Musk announced that he has created a special council to review the issue of Twitter moderation. So far, he has promised not to make any major decisions in this area. Earlier, The New York Times reported that Twitter programmers were asked to print the code they wrote to prove their work.
Source: Port Altele
John Wilkes is a seasoned journalist and author at Div Bracket. He specializes in covering trending news across a wide range of topics, from politics to entertainment and everything in between.