Elon Musk’s Twitter to Make Massive Layoffs Friday via Email
In a major cost-cutting move by new owner Elon Musk, Twitter has notified employees that there will be a wave of layoffs on Friday, Nov. 4 — and that they’ll be notified by email about whether they will continue to have a job at the company.
The companywide email did not indicate how big the cutbacks would be. Musk has been planning to axe about 50% of the staff, or around 3,700 of Twitter’s 7,500 employees, according to a Bloomberg report earlier.
“In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday,” the email sent to employees Thursday said, which was signed “Twitter.” “We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company’s success moving forward.”
Because of “the nature of our distributed workforce and our desire to inform impacted individuals as quickly as possible,” Twitter staffers will be notified by 9 a.m. PT on Friday about whether they’ve been pink-slipped or whether they will continue to be employed, according to the memo.
Twitter’s offices will be temporarily closed on Nov. 4 “to help ensure the safety of each employee as well as Twitter systems and customer data.”
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