The world’s richest man, Elon Musk, will lay off about half of Twitter’s global workforce.
The tech mogul who took over the company in late October has made significant changes to how the platform is managed since taking over.
An email sent to Twitter employees on Thursday night announced that layoffs would begin immediately and that laid-off workers would not return to work on Friday, reports The New York Times.
Part of the email reads, “We are going through a difficult process of reducing our workforce around the world to keep Twitter on a healthy trajectory.
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“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.”
Quoting anonymous sources, Bloomberg also reported on Thursday that coupled with firing half of its staff members, Musk was also planning to reverse the company’s existing work-from-anywhere policy.
Musk had earlier fired major executives in the company, including former CEO, Parag Agrawal; the Chief Financial Officer, Ned Segal; Chief legal officer, Vijaya Gadde; and general counsel, Sean Edgett.
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