Just weeks after Twitter tried to ease layoff fears, new owner Elon Musk will reportedly lay off 50% of its 7,500-person workforce.
Initially, reports of a 75% job cut emerged just before Musk officially took over the social media giant, leading the platform to quickly push back on claims.
However, employees will reportedly be informed of the layoffs this Friday, as well as the end to the company’s remote work policy that was implemented at the beginning of the pandemic.
In the months leading to the deal, Musk suggested that job cuts would be inevitable, but that “anyone who is a significant contributor” shouldn’t be concerned.
This move is just one of many that Musk is conducting as the new owner of Twitter. In the hours following his takeover, he fired much of the company’s executive suite, including CEO Parag Agrawal, and also took the company private.
He has suggested introducing a new subscription model that would require users to pay $8 per month to receive a verified account.
While it’s still uncertain how the shift in business model, work policy changes and job cuts will impact employees, reports say that there has been radio silence in internal communications from Musk.
