Elon Musk was said to be ready to lay off 75% of Twitter employees. According to information from Bloomberg, it will be slightly less: around 3,700 employees are on the bench, or half of the social network’s staff.
A week after last Friday’s official inauguration, the billionaire obviously has no intention of dragging things out. Also according to Bloomberg, employees affected by these mass layoffs will be notified this Friday, November 4. As compensation, they will receive the equivalent of 60 days of salary.
These departures will thus complete the layoffs that began in the early hours of the company’s takeover by Elon Musk. The social network’s CEO, Parag Agrawal, was immediately fired, as were chief legal officer Vijaya Gadde and chief financial officer Ned Segal. He then was the director of marketing, the director of clients and the vice president of client solutions who had landed. The last to go is the accounting director who took charge of the layoff plan.
End of telework
In addition, Elon Musk would like to end the generalization of teleworking in the company. Bloomberg points out, however, that all these decisions are not yet final.
Last week, before the acquisition, potential investors were told that the billionaire intended to cut 75% of the holdings to drastically cut costs. He later denied this figure.
Still in an attempt to monetize his acquisition, Elon Musk announced his intention to set a Twitter account certification price of $8 per month.
Source: BFM TV
