Twitter’s workforce is expected to be gutted the moment today, four people with direct knowledge of the matter told NYTimes . Managers of the social media system have been asked to create listings of employees to cut.
Billionaire Elon Musk, who became “ Chief Twit” upon Thursday after finalizing the deal to purchase Twitter for $44 billion, instantly ordered company-wide cuts . The people within the know weren’t entirely sure about the scale of the layoffs.
Musk has recently said that he planned to cut 75% of the company’s 7, 500 employees, departing a workforce of approximately 2, 000.
The layoffs would certainly occur before Nov. 1, when employees are scheduled to receive stock grants because compensation. Musk could avoid paying the grants simply by laying off workers prior to that date.
On Wednesday, Musk strolled into Twitter’s San Francisco head office carrying a kitchen sink in preparation for his takeover. He tweeted: “ Entering Twitter HQ – let that sink in! ”
The planet’s richest man also transformed his Twitter bio to “ Chief Twit. ”
Musk has already fired Twitter’s chief executive, chief financial officer, and other executives.