Elon Musk Begins Layoffs at Twitter

From CNET: Elon Musk will begin laying off employees at Twitter on Friday, according to a companywide email sent late Thursday, as the tech billionaire tries to reduce costs after purchasing the influential social network.

"In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global work force," the unsigned email said, according to The New York Times and The Washington Post. "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."

All Twitter employees will learn of their employment status at the company by 9 a.m. PT Friday, through an email with the subject line "Your Role at Twitter," the notice said.

Twitter currently has roughly 7,500 workers, but it wasn't immediately clear how many would be affected by the layoffs.

Musk planned to cut about 3,700 jobs at Twitter or about half of its workforce, Bloomberg reported on Wednesday. On Friday, the outlet highlighted a lawsuit seeking class-action status filed Thursday, accusing Twitter of violating the federal Worker Adjustment and Retraining Notification (WARN) Act, which requires large companies to give least 60 days of advance notice before mass layoffs.

View: Full Article