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Elon Musk could cut half of Twitter’s workforce

 2 years ago
source link: https://www.theverge.com/2022/11/2/23437926/elon-musk-twitter-layoffs-cuts-half-workforce
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Elon Musk could cut half of Twitter’s workforce

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Twitter workers have been bracing for layoffs, and it appears that nearly 4,000 people could be affected by the eventual cuts.

Nov 3, 2022, 1:44 AM UTC|

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An illustration of Elon Musk.
Musk and his advisers are weighing cuts that would affect nearly 4,000 people.Illustration by Kristen Radtke / The Verge; Getty Images

Twitter employees have been bracing for layoffs since Elon Musk officially took over the company, and details are starting to trickle out about how many people could be affected. Wednesday evening, The Verge’s Alex Heath reports that Musk is meeting with advisors, including fellow former PayPal exec David Sacks, and finalizing a plan to lay off approximately 3,800 employees, while Bloomberg reported that 3,700 would be cut.

According to Bloomberg, the plan is for employees to be informed about the layoffs on Friday, and affected workers could be given 60 days of severance pay. Musk is also planning to end Twitter’s policy that allowed employees to work from home “forever,” Bloomberg reports. This would line up with text messages we’ve seen from another advisor, Jason Calacanis (revealed as part of Musk’s court case when he was still trying to get out of buying Twitter), suggesting cutting remote work to spur voluntary departures, and it matches his stance against remote work at Tesla.

The changes are just a few in the works since Twitter became an Elon Musk company last week. Twitter Blue will be getting a new $8 price and access to verification, while the editing feature will reportedly be opened up to everyone as soon as this week. Musk will also be putting a “content moderation council” in place.


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