UNITED STATES: Twitter announced that it would start making layoffs on Friday as its new billionaire owner, Elon Musk, moves swiftly to stabilise the messaging platform’s finances following his significant buyout.
The mass layoff is going to sharply reduce its employee base; half of its 7,500 employees will be shown the door, says report.
Twitter Employees’ fate
By 9 a.m. Pacific time on Friday, employees would receive an email with the subject line “Your Role at Twitter,” informing them of their fate. This was stated in a late Thursday email sent to the company’s staff informing them of job cuts.
The email issued on Thursday, seen by the media, stated, “In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday.”
To “help ensure the safety of each employee as well as Twitter systems and customer data,” Twitter said its offices will be temporarily closed and all credential access will be suspended.
Twitter staff members who are not affected by the layoffs will be informed via their company email accounts, said the social media platform.
The statement stated that employees who have been let go will get a notification with further instructions sent to their personal emails.
Some workers claimed that their access to the company’s IT system had already been stopped and expressed concern that this would indicate their impending layoffs.
The announcement of layoffs brings to an end a week of purges by Musk, during which he sought significant cost reductions and imposed a combative new work ethic throughout the social media giant.
He had previously fired the CEO and the top financial and legal officials from the corporation, reorganising the senior ranks. Over the course of the previous week, several executives left, including those in charge of the company’s marketing, advertising, and human resources departments.
Chaos and uncertainty have marked Musk’s first week as Twitter’s owner. Two company-wide meetings were scheduled but were postponed just a few hours later. Employees claimed to the media that they were left to piece together facts via news stories, exclusive messaging services, and public message boards.
The long-anticipated layoffs have cooled Twitter’s renownedly open corporate culture, which is admired by its staff.
On Thursday, Twitter sent out an email with the message, “If you are in an office or on your way to an office, please go home.”
Numerous employees flocked to the company’s Slack channels to say farewell shortly after the email arrived in their inboxes. As per the sources, Musk was invited by someone to join the channel.
Musk has also told Twitter Inc. teams to identify up to $1 billion in yearly infrastructure cost savings, as per sources with knowledge of the matter.
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