It is still unclear how many Twitter workers will be affected by the reported job cuts. (File Photo) Daniel Oberhaus (Wikimedia Commons)
social media

'Chief Twit' Elon Musk reportedly orders massive layoffs at Twitter

New Twitter boss Elon Musk has reportedly ordered company-wide layoffs and some departments will be more affected than others, the media reported.

Author : NewsGram Desk

New Twitter boss Elon Musk has reportedly ordered company-wide layoffs and some departments will be more affected than others, the media reported.

According to The New York Times, the layoffs could occur before November 1, the same day when employees are supposed to get their stock grants, which "typically represent a significant portion" of their pay.

According to the report, the new Twitter boss may not have to pay these grants if he lays off employees before November 1.

Although Musk is supposed to pay the employees cash in place of their stock under the merger agreement.

Twitter did not comment on the report that came out on Saturday.

It is still unclear how many Twitter workers will be affected by the reported job cuts.

The Tesla CEO is expected to reorganize Twitter and cut the workforce by a massive margin.

Musk, however, told Twitter employees last week, during his first visit to the company headquarters with a kitchen sink in his hands, that he is not going to lay off 75 percent of the workforce (5,600 employees).

Twitter has around 7,500 employees.

Musk completed his $44 billion acquisition of Twitter on Friday, and fired top executives, including former CEO Parag Agrawal, chief financial officer Ned Segal, and policy chief Vijaya Gadde, among others.

Musk has casually mentioned laying off Twitter staff in his tweets, without mentioning any figure.

Twitter employees are still anxious about expected staff cuts as part of the takeover.

They had written an open letter to the board of directors and Musk, criticizing his plans to lay off 75 percent of the workforce.

(KB/IANS)

Subscribe to our channels on YouTube and WhatsApp

Download our app on Play Store

“Should Know Our History… Will Fill Your House with Cow Dung”: BJP MLA Threatens Police Officer Investigating Son Who Hit Five People with Thar

Nine Arrested in South Kolkata After BJP and TMC Workers Clash During Campaigning

How to Make Jhalmuri at Home?

ADR Report on West Bengal Phase 2 Election Suggests 23% Candidates Have Criminal Charges

Thousands of Migrants Face Lathi Charges and Delays at Surat Railway Station Amidst LPG Crisis, While BJP Organises ‘Voters Special’ Trains for Bengali Workers Ahead of Polls