Elon Musk to begin layoffs at Twitter today: report

The New York Times reported that Mr. Musk will ‘begin laying off Twitter employees on Friday’, exactly a week after he completed the $44 billion acquisition of the social media company

A week after billionaire entrepreneur Elon Musk acquired Twitter, employee layoffs at the social media company are expected to get underway on November 4 and about half of Twitter’s 7,500 workers appeared set to lose their jobs, according to a media report.

The New York Times, citing a company-wide email, reported that Mr. Musk will “begin laying off Twitter employees on Friday”, exactly a week after he completed the $44 billion acquisition of the social media company and ousted CEO Parag Agrawal, legal executive Vijaya Gadde, Chief Financial Officer Ned Segal and General Counsel Sean Edgett.

The NYT report added that “Twitter employees were notified in the email that the layoffs were set to begin” and “workers were instructed to go home and not return to the offices on Friday as the cuts proceeded.”

“In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global work force,” the email said, according to the NYT report. “We recognise 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.”

The report added that employees took note of a Slack message that suggested “3,738 people” could be laid off and that changes could still be made to the list.

While it is not yet clear what the exact number of layoffs will be, it is estimated that “about half of Twitter’s workers appeared set to lose their jobs.”

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