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Elon Musk says Twitter done with layoffs, starts hiring again: Report

In the meeting Musk also cleared that there is no any immediate plan to move Twitter’s headquarters to Texas.

Updated on: Nov 22, 2022 01:27 PM IST
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After cutting nearly 75% workforce of Twitter in less than a month since takeover, Elon Musk is now reported to have kept the layoff drill on the backburner. According to a report from The Verge, Twitter new boss said that the company is done with layoffs. In contrast, the micro-blogging site is actively recruiting for different posts.

Elon Musk's Twitter has recently fired several employees. (REUTERS)
Elon Musk's Twitter has recently fired several employees. (REUTERS)

Multi-billionaire Musk took over Twitter after closing $44 billion deal. Just after acquiring Twitter, Musk had fired many employees, including senior executives such as CEO Parag Agarwal, and Vijay Gadde, the head of the company’s legal, policy, and trust.

The mass layoffs came in waves as several thousands employees have reportedly quit Twitter, bringing its workforce to around 2,700 employees, down from approximately 7,500 employees in September 2022. Even on Monday, Elon Musk fired Twitter Inc. employees from sales and partnership side.

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In the meeting Musk also cleared that there is no any immediate plan to move Twitter’s headquarters to Texas. Tesla moved its corporate headquarters from Silicon Valley to Texas as federal taxes are lower there. Though he added that it could make sense to be “dual-headquartered” in California and Texas.

 
ABOUT THE AUTHOR
Singh Rahul Sunilkumar

A journalist with an engineer's core is trying to make news easier to grasp. He loves breaking down complex topics into digestible form. Obsessed with ISRO, his bylines cover science, technology, business, and, of course, Indian politics. When he's not on shift, you can find him sleeping on books.

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