Elon Musk announces “thousands” of job cuts on Twitter

New Twitter boss Elon Musk will begin massive layoffs at the company on Friday, days after closing the deal to buy the social media giant for $44 billion.

Thousands of employees at the company could lose their jobs as employees were notified of the layoffs via email on Thursday, according to several US media reports.

“Team, in an effort to put Twitter on a healthy path, on Friday we will go through the difficult process of reducing our global workforce,” the internal memo to employees read.

“We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but unfortunately this action is necessary to ensure the continued success of the company.”

Mr Musk has already made several changes to the company, starting with the firing of three of its top executives, including chief executive Parag Agrawal.

He previously told potential investors that he intends to reduce the company’s workforce from around 7,500 to just over 2,000.

Bloomberg reported Thursday that it plans to cut about 3,700 jobs at Twitter — about half of the company’s workforce.

https://www.independent.ie/business/technology/elon-musk-to-announce-thousands-of-job-losses-at-twitter-42118207.html Elon Musk announces “thousands” of job cuts on Twitter

Fry Electronics Team

Fry Electronics.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@fry-electronics.com. The content will be deleted within 24 hours.

Related Articles

Back to top button