Layoffs at Twitter have begun. The platform has started sending emails to employees about whether they have been laid off, temporarily closing its offices and preventing staff access. Twitter’s new owner Elon Musk is reportedly looking to cut around 3,700 Twitter staff, or about half the workforce. The move comes as he seeks to slash costs and impose a demanding new work ethic. Livemint is closely following the events as they unfold. Stay tuned for live updates
Twitter employees to receive email by 9am PST (9:30PM IST)
“By 9AM PST on Friday Nov. 4th, everyone will receive an individual email with the subject line: Your Role at Twitter. Please check your email, including your spam folder”, the memo reads.
Internal memo on job cuts leak
Memo begins stating: In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday. 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.