Elon Musk could cut half of Twitter’s workforce

Twitter staff have been bracing for layoffs since Elon Musk formally took over the corporate, and particulars are beginning to trickle out about how many individuals may very well be affected. Wednesday night, The Verge’s Alex Heath stories that Musk is assembly with advisors, together with fellow former PayPal exec David Sacks, and finalizing a plan to put off roughly 3,800 staff, whereas Bloomberg reported that 3,700 could be reduce.

In accordance with Bloomberg, the plan is for workers to be told in regards to the layoffs on Friday, and affected staff may very well be given 60 days of severance pay. Musk can be planning to finish Twitter’s coverage that allowed staff to earn a living from home “perpetually,” Bloomberg stories. This may line up with textual content messages we’ve seen from one other advisor, Jason Calacanis (revealed as a part of Musk’s courtroom case when he was nonetheless making an attempt to get out of shopping for Twitter), suggesting slicing distant work to spur voluntary departures, and it matches his stance in opposition to distant work at Tesla.