First Published Nov 3, 2022, 11:18 AM IST
Tesla CEO Elon Musk plans to lay off more than half of Twitter’s employees.
According to the plan, over 3,000 people will be laid off from Twitter. Elon Musk will announce the decision tomorrow, according to sources on Twitter.
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Ever since Elon Musk bought Twitter for $440 billion, he has been taking various actions and cutting costs.
As part of this, to increase revenue, Twitter has introduced an $8 payment plan to buy BlueTick.
Next, Elon Musk fired several senior executives in the name of management reform. After Elance Musk bought Twitter, CEO Barak Agarwal, CFO Ned Segal, senior legal officer Vijaya Gade, and Sean Edgett were fired. This was followed by the firing of Chief Marketing Officer Lessie Berland, Chief Customer Relations Officer Sarah Personot and Jean Philippe.
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Elon Musk has decided to send more than half of his employees home in a bid to cut costs next.
Twitter management is also considering giving 2 months salary as compensation to the laid off employees. Also, Twitter employees had the privilege of being able to work from anywhere. Elon Musk, who canceled it, is also going to bring the control that all employees must come to the office to work.
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According to reports, Elon Musk has also asked for the details of which employees can be fired and how many employees can be fired in the engineer, customer division, and marketing division.
When asked on behalf of the news agency, Twitter spokespersons declined to respond
Last Updated Nov 3, 2022, 11:18 AM IST