Here's what new email to Twitter staff says on layoffs, week after Musk takeover - Hindustan Times
close_game
close_game

Here's what new email to Twitter staff says on layoffs, week after Musk takeover

AFP |
Nov 04, 2022 07:15 AM IST

Twitter employees have been bracing for this kind of bad news since Elon Musk completed his mammoth $44 billion acquisition late last week.

Twitter said it will start laying off employees on Friday, as the new billionaire owner Elon Musk moves quickly after his big takeover to make the messaging platform financially sound.

witter employees will receive word via email at the start of business Friday, California time, as to what their fate is.(Reuters)
witter employees will receive word via email at the start of business Friday, California time, as to what their fate is.(Reuters)

A company-wide email seen by AFP says Twitter employees will receive word via email at the start of business Friday, California time, as to what their fate is.

Hindustan Times - your fastest source for breaking news! Read now.

It does not give a number but the Washington Post and New York Times reported that about half of Twitter's 7,500 employees will be let go.

Twitter employees have been bracing for this kind of bad news since Musk completed his mammoth $44 billion acquisition late last week and quickly set about cleaning house, dissolving its board and firing its chief executive and top managers.

A workplace and employee review and other projects ordered by Musk were reportedly so exhaustive and grueling that some engineers reported sleeping at Twitter headquarters over the weekend.

The email sent Thursday told workers to go home and not report for work on Friday.

"In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global work force," the email said.

"We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company's success moving forward," it added.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 01, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On