Posted: Fri 11/04/22 9:56AM Update
Washington: Elon Musk will start laying off Twitter employees on Friday.
Twitter employees were told in emails that layoffs were about to begin, according to an unsigned internal memo seen by The Verge.
Employees will receive an email by Nov. 4 at 9 a.m. PST confirming whether they have been fired, according to the internal memo, which also states that employee badge access to Twitter’s offices will be “temporarily” closed. “We acknowledge that this has been a very challenging experience, whether you are affected or not,” the memo read.
“Thank you for continuing to abide by Twitter’s policy prohibiting you from discussing confidential company information on social media, the media or elsewhere,” the memo added.
Musk is expected to cut about half of Twitter’s roughly 7,500 employees.
The layoffs come a week after Musk became the owner of Twitter.
Musk has already said he will lay off employees at Twitter, telling employees at a town hall meeting this summer that the social network needs to “rationalize headcount.”
Asked on Twitter on October 30 to identify “the single most confusing thing on Twitter right now,” Musk responded, “Everyone coding seems to have 10 people ‘managing’ on Twitter.”
In April, Twitter accepted Musk’s proposal to buy the social media service and take it private. Musk, however, soon began to doubt whether he intended to abide by the agreement, claiming that the company failed to adequately disclose the number of spam and fake accounts on the service.
In July, in a surprise move, Musk, who had long shown interest in acquiring Twitter, terminated the deal. The Tesla CEO claims Twitter violated their mutual purchase agreement by misrepresenting the number of spam and fake bot accounts on its platform.
The market fell sharply after Musk’s announcement of the termination of the deal. Later, Twitter sued Musk, accusing him of using the bot as an excuse to back out of the deal. Last week, Musk reconfirmed that he would move forward with the acquisition of Twitter at the initially agreed price of $54.20 per share.