Andrew
Billionaire Elon Musk started to eliminate half of Twitter’s workforce on Friday, making good on plans to slash costs at the social media platform he acquired for US$44 billion last month, people with knowledge of the matter have said.
“In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday,” Twitter management said in an email reviewed by Bloomberg.
“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 going forward.”
The company reportedly informed affected staffers on Friday at 9am, San Francisco time, according to the memo. Amid the layoffs, Twitter plans to temporarily close offices and suspend badge access “to help ensure the safety of each employee as well as Twitter systems and customer data”, the memo said.
The company started cutting employee access to email and Slack on Thursday night.
Some employees who were shut out of their work tools suspected their jobs were already cut, though they had received no official confirmation yet. – Bloomberg
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