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Report: Elon Musk orders imminent company wide layoffs at Twitter

Within days, Musk intends to begin Twitter’s employee cutbacks.

The New York Times reported that Elon Musk ordered company-wide layoffs at Twitter on Saturday. Although it’s unknown how many employees would be impacted, insiders told the NYT that certain departments will be more negatively impacted than others.

According to earlier reports, Musk intends to reduce Twitter’s headcount by 75%, but he apparently informed staff members differently when he showed up at the company’s offices on Wednesday holding a real sink.

The Times said that certain managers have been directed to compile names of workers to fire from Twitter, which now employs roughly 7,500 people.

Before November 1st, when workers are expected to get their stock awards, which “usually constitute a large chunk” of their income, they may be laid off. If Musk fires workers before this deadline, he could not be required to pay for these awards, according to the NYT. The Verge contacted Twitter for comment, but they didn’t react right away.

On Friday, Musk finalized his $44 billion purchase of Twitter. After gaining control, he dismissed several officials, including former CEO Parag Agrawal, top financial officer Ned Segal, and policy director Vijaya Gadde.

The billionaire made his first bid to purchase Twitter in April, tried to back out of the agreement, and then changed his mind once again early this month.

After the dust settles, it’s unclear exactly what Musk intends to do with Twitter, although he previously said he wants the platform to develop into a “shared digital town square, where a broad variety of opinions may be argued in a healthy way, without resorting to violence.”

Users are worried that Musk, a self-proclaimed “free speech absolutist,” would allow the platform to devolve into a “free-for-all hellscape,” but he insists that this won’t happen and that a content monitoring committee will be established.

Source & Credits: The Verge

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Written by Alex Bruno

Freelance space writer Alex Bruno specializes in covering China's quickly expanding space industry. In 2021, he started writing for SpaceXMania. He also contributes to publications including SpaceNews, IEEE Spectrum, National Geographic, Sky & Telescope, and New Scientist. When Alex was a small child, he first experienced the space bug after seeing Voyager photographs of alien planets in our solar system. When not in space, Alex likes to go trail jogging in the Finnish countryside.

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