Elon Musk reportedly wants to cut 3,700 jobs at Twitter, or nearly half of the company’s workforce, in a bid to cut costs on the social media platform.
He also wants to revoke employees’ right to work remotely and require them to come to the office full-time, according to Bloomberg, Axios and the FT, according to people close to the matter.
Those affected by the cuts are likely to be informed on Friday, according to the report.
In just a week, Musk has already made some controversial decisions about the platform he bought for $44.4 billion after months of legal drama.
Later sack Twitter’s top managementBillionaire entrepreneur names himself CEO, announces he’ll charge users for coveted blue ticks and proposes bringing back defunct video-sharing platform Clock,
Twitter employees have been preparing for mass layoffs for the past two weeks explosion report by The Washington Post that Musk planned to get rid of about 75 percent of the company’s 7,500 employees.
New York Times reported last week that Musk planned to lay off Twitter employees before November 1 to avoid stock exchanges on that day, which he denied.
bye bye remote work
When the COVID-19 pandemic hit, Twitter was one of the first companies to allow employees to work remotely permanently.
But under Musk, it is now reportedly requiring its remaining employees to return full-time to brick-and-mortar offices.
According to Axios, those who must move to live near a Twitter office will have at least 60 days to do so. A source familiar with the matter told the news website that many workers may or may not be willing to move, leading to further job losses.
But according to all reports, plans for the forum are in constant flux at this point, with several staff meetings canceled at short notice in recent days.
Earlier this year, Musk implemented a similar return mandate at another of his companies, electric car maker Tesla. He said he expects everyone at Tesla to spend at least 40 hours in the office each week — or just “pretend to work” Elsewhere.
What does this mean for the future of Twitter?
With no senior board, half his horsepower and a potentially unhappy workforce, it’s going to be interesting times for the little blue bird.
Several public figures have already indicated they are ready to leave the platform, including horror novelist Stephen King and NBA legend LeBron James, and producer… Others, such as screenwriter Shonda Rhimes, have already dropped out.
EuronewsNext spoke to a former Twitter employee who described what it was like working there a few years ago under the previous leadership.
“There was a general feeling that we were doing something really necessary and positive, despite stress and high pressure.
“One thing that struck me, though, was how nice Twitter was to its employees. Great with things like mental health. We have many advantages. Also very supportive and almost everyone who works there talks about what they do.” I looked emotional.
Today, we reached out to a current Twitter employee for comment on the past week’s events. He replied “I can’t talk right now, very stressed”.