Elon Musk reportedly ordered company-wide layoffs at Twitter days after acquiring the social media platform.
Fox News contributor Raymond Arroyo and former investment banker Carol Roth weigh in on 'The Evening Edit' as the Tesla CEO takes control of Twitter and fires top executives." Elon Musk is rumored to have ordered company-wide layoffs at Twitter on Saturday, according to a report from The New York Times.
Musk has reportedly ordered cuts across the company with some departments being more affected than others.Twitter currently has approximately 7,500 staff members, and the Times reported that some managers have been asked to come up with lists of employees to let go.The layoffs could occur before Nov. 1 because employees are typically scheduled to receive stock grants as part of their compensation.
According to the Times, stock grants, "typically represent a significant portion" of their pay and the billionaire may not have to pay these grants if his
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