TWITTER has started laying off Irish staff following the €45 billion takeover of billionaire Elon Musk.
The social media giant, which employs 500 people in Dublin and 7,000 around the world, will make a major announcement in an email at 4pm.
It is feared that half of the company’s global workforce will be laid off today.
Some employees have already received emails this morning telling them they are being made redundant.
An Irish worker walked onto the platform this morning and said: “I woke up to the sad news that I am no longer a tweep.”
Twitter has also temporarily closed its offices as employees were denied access to the buildings.
It is understood that employees who are laid off have also been disconnected from company systems.
Received an email from The Washington Post Earlier this week it said: “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.
“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.”
An employee who has not been identified said CNBC: “It’s total chaos, house is melting down, everyone is looking at this email.”
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While another employee said, “I better get a cash prize at the end of this nightmare.”
It comes after Musk reportedly took away the once-a-month day off from workers.
According to the report, a monthly day off by the company introduced during the pandemic period is being put under the axe.
The billionaire has already made several changes at the social networking giant since taking over as CEO.
He also has plans to repeal Twitter’s telecommuting policy.
He wants employees he hasn’t hired full-time at the office to implement a variety of changes he has for the site.
Musk completed the acquisition of the social networking giant on Oct. 27.
Announcing the closing of the deal, he tweeted, “The bird is free.”
Meanwhile, Stripe will also shed 14 percent of its global workforce.
The technology company was founded in 2010 by Irish brothers John and Patrick Collison.
Chief Executive Patrick said in an email to employees that the company had “hired too many employees for the world we’re in.”
He said: “We, the founders, made this decision.
“We have hired too many employees for the world we operate in, and we are pained not to be able to deliver the experience we hoped for from stakeholders at Stripe.”
Stripe had planned to hire hundreds more employees by 2024.
https://www.thesun.ie/tech/9675650/twitter-irish-staff-elon-musk-takeover-major-announcement/ Twitter begins laying off Irish employees after €45 billion takeover of billionaire Elon Musk, with big announcement expected