Elon Musk to Layoff Half of Twitter Workers, Workers to Work From Workplaces – Rolling Stone

In a sequence of fast adjustments to the Twitterverse, Elon Musk plans to put off about 3,700 Twitter staff, or about half of the present workforce, in accordance with a Bloomberg report on Wednesday that cited folks acquainted with the matter.

The transfer comes as an effort to chop prices following Musk’s $44 billion buy of the corporate. The interim CEO additionally plans to take away the present work-from-anywhere coverage that was put into place at first of the COVID pandemic in 2020. Remaining staff shall be required to report back to the Twitter workplaces, with some exceptions, and Musk plans to tell employees affected by the layoffs on Friday, in accordance with the report.

Since Musk took over the social media platform, a number of Twitter executives had been fired together with CEO Parag Agrawal, chief monetary officer Ned Segal, and Vijaya Gadde, head of authorized coverage, belief, and security. Musk additionally introduced his choice to make Twitter Blue $8 a month, shut a whole bunch of staff out of content-moderation programs days earlier than the midterms, and flirted with the concept of a “paywalled video” characteristic.

Whereas Musk formally acquired the platform on Thursday, Oct. 27, in a deal for which he initially tried to again out, studies of impending layoffs are not a shock. Since first saying that he would purchase the corporate in April, he beforehand shared a pitch deck with buyers that exposed he deliberate to make Twitter personal and shed employees to carry on new expertise in engineering.

Senior personnel on the product groups had been requested to scale back their employees by half, and different leaders had been requested to make lists of workforce members they might lower, Bloomberg studies.

Musk appears to be reveling in his new place. He has since up to date his Twitter bio from the earlier self-described “Chief Twit” to “Twitter Grievance Hotline Operator.” Earlier this week, pundits who simply days in the past had lauded the billionaire, turned on him after he revealed a part of his content material moderation technique to create a council and to seek the advice of with “civil society leaders.”

“Being attacked by each proper & left concurrently is an effective signal,” Musk tweeted in response.

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