Uncategorized

Twitter workforce to be halved after Musk takeover

Elon Musk did not hesitate after taking over Twitter and immediately dismissed the management floor. Now the Twitter staff should also believe in it. Because the new owner wants to cut half of the jobs at the short message service.

It’s only been a week since Elon Musk took over the short message service Twitter. Because it was only on Thursday that he announced on the platform: “The bird is free!”

Since then, there has been some turmoil in the company that seems to be going on for a while. Because Musk promptly fired some executives, including the CEO, the chief financial officer and also the chief legal officer.

Now there should be further layoffs at the short message service. Then how Bloomberg reportedElon Musk wants to lay off half of the Twitter workforce.

What are Musk’s plans for the Twitter workforce?

Twitter is said to have 3,700 fewer jobs in the future. That means half of the Twitter workforce has to go.

As Bloomberg reported with reference to insiders, the affected employees should be informed on Friday.

In addition, all remaining employees should work in the company’s office again. Elon Musk wants to abolish the company’s current “work-from-anywhere” policy.

There are arguably several scenarios for layoffs

According to that BloombergHowever, the plans could still change according to the report. Musk and his advisory team considered “a number of scenarios for job cuts and other policy changes at Twitter.”

One of these scenarios envisages that all dismissed employees receive 60 days’ worth of severance pay.

Executives should sort out

Bloomberg further reports that company executives have been asked to draw up lists of potential layoffs. The managers of the product teams should, for example, reduce their teams by 50 percent.

The lists then ended up at Tesla, among others. Executives are said to have viewed and checked them here.

Also interesting:

Leave a Reply

Your email address will not be published. Required fields are marked *