Twitter: Around 2,000 employees likely to lose jobs in first round of layoffs, reports suggest
The previous reporting suggested that he’d planned to cut 75% of staff
However, Musk assured Twitter staff last week that’s not the case
Twitter plans to fire a quarter of its workforce in its first round of layoffs. Currently, the social media platform has around 7,000 employees and a quarter of the headcount amounts to nearly 2,000 employees. This comes days after Elon Musk fired senior officials, including CEO Parag Aggarwal, on completion of the $44 billion buyout.
Twitter, however, did not immediately respond to a Reuters request for comment.
Previously, Bloomberg had also reported that the company has scheduled an employee meeting for the coming Wednesday, but some staff did not receive invitations, according to one of the people familiar with the matter.
Musk fired Twitter Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal and legal affairs and policy chief Vijaya Gadde on completion of a high-profile $44 billion buyout of the social media platform on Thursday, people familiar with the matter told Reuters.
He had accused them of misleading him and Twitter investors over the number of fake accounts on the platform.
(With inputs from agencies)
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