Elon MuskTwitter

Musk to cut 3700 Twitter jobs, 50% of workforce

3 Nov, 2022

Elon Musk plans to eliminate about 3,700 jobs at Twitter, half the company’s workforce, in a bid to drive down costs following his $44 billion acquisition. Musk will inform the affected staff members on Friday, November 4. Senior personnel on product teams have been asked to target a 50% headcount reduction, with layoffs based on each employee’s contributions to coding. Musk is also reportedly considering reversing a work-from-anywhere policy and will require employees to work from office with few exceptions.

What's this? This is an unbiased just-the-facts news summary extracted from the original article by Newslines' contributors. To see the newsline of each topic, click the links below. Learn more

Elon MuskTwitter

Add your comments below...