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Reading: Twitter Staffers Face Chop, New Owner Elon Musk Downsizes
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The Bulrushes > Technology > Twitter Staffers Face Chop, New Owner Elon Musk Downsizes
Technology

Twitter Staffers Face Chop, New Owner Elon Musk Downsizes

Staff Writer
Staff Writer
Published: November 4, 2022
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DOWNSIZING: New Twitter owner, billionaire Elon Musk, expected to let go of some staffers
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Staffers at Twitter are on tenterhooks as they wait for the new owner, billionaire Elon Musk, to serve letters on those who will be let go.

The letters are expected to be delivered Friday.

BBC reports that in an internal email, the social media company said the cuts are “an effort to place Twitter on a healthy path”.

The firm added that its offices would be temporarily closed and badge access would be suspended.

The multi-billionaire will be Twitter’s chief executive after buying the firm last week in a $44bn (£39.3bn) deal.

“We will go through the difficult process of reducing our global workforce on Friday,” Twitter said in the email.

“We recognise 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.”

Twitter employs about 7 500 people.

The BBC said: “All staff are set to receive an email with the subject ‘Your Role at Twitter’ by 09:00 Pacific time (16:00 GMT) on Friday”.

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