Twitter under new CEO Elon Musk will begin cutting its workforce Friday morning, the staff learned via a company memo Thursday evening, and the move will affect a wide range of the workforce.
Laid-off staff members will be notified through their personal email, and those who are keeping their jobs will be notified via their work email, according to the memo obtained by the Washington Post. All employees will know their employment status by 9 a.m. PST. The report cited sources who said Musk is expected to go ahead with plans to lay off about half of Twitter's workforce of thousands following a review by him and his deputies.
Members of the company's sales, trust and safety, marketing, product, engineering, and legal teams will be affected, but all passes will be suspended while the changes are made, the memo added. Offices will be closed Friday. The layoffs are expected to drastically reduce the social media company's workforce of 7,500 employees and come after a weeklong assessment of the company made by Musk and his team. During the assessment, Telsa engineers reviewed Twitter's code, and the company froze all internal projects. Musk has already fired the platform's previous CEO, Parag Agrawal, along with other executives, and dissolved the company's board of directors.
Twitter was already planning broad layoffs prior to Musk's acquisition of the social media platform, and it would have affected up to a quarter of the staff, unnamed sources told the outlet. The move would have been part of cost-saving measures taken by the board meant to save the company $700 million.Musk, who also owns Tesla and SpaceX, completed his purchase of Twitter for $44 billion last week.
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