Thousands of Twitter employees might be spending their last day on the job.
Elon Musk is reportedly planning to cut Twitter's workforce in half, laying off roughly 3,700 employees.
The layoffs will be announced Friday and workers will be given 60 days severance pay, according to a report in Bloomberg.
Musk also intends to reverse the company's existing work-from-anywhere policy, asking remaining employees to report to offices -- though some exceptions could be made, according to the report. The move matches his stance against remote work at Tesla.
A spokesperson for Twitter did not respond to the outlet's request for comment.
After the layoffs were sorted, Twitter Chief Accounting Officer Robert Kaiden left the company, becoming one of the last pre-Musk C-suite executives to depart, per Bloomberg.
Musk, the richest person in the world, has already cleared out the company's top executives and board of directors, and made several changes to the platform after completing his $44 billion purchase of the social network last month.
Before the acquisition was finalized, Musk reportedly told potential investors in the Twitter deal that he planned to lay off nearly three-fourths of Twitter’s staff, or about 5,500 employees, according to The Washington Post.
Most recently, Musk drew criticism earlier this week after reports surfaced that Twitter was planning on charging verified users $19.99 a month to keep their blue check marks, a subscription service currently priced at $4.99 a month. On Tuesday, Musk shared that he planned on charging $8 monthly for "Twitter Blue."
Musk has said his goal for the platform is "aimed at increasing Twitter's subscriber base and revenue." He previously told Twitter advertisers that he was buying the platform to help humanity and doesn't want it to become a "free-for-all hellscape."
Down the Audacy app and follow 97.1 FM Talk.
Facebook | Instagram | Twitter | TikTok
Related
Related
