Twitter decided to lay off 30% of its total acquisition team by letting go of about 100 employees. The letting go of dozens of employees reportedly happened amid the "growing uncertainty around Elon Musk's acquisition."
Twitter has Decided to Let Go of 30% of Its Acquisition Team
According to the story by Engadget, the company has decided to cut 30% of its acquisition team. The type of employees that they decided to let go include recruiters and even others that were charged with bringing in new hires to Twitter.
As per a report by The Wall Street Journal, Twitter told them that fewer than 100 people were let go from the company. They also made it clear that it was only the talent acquisition team that was affected by the layoffs and not the other teams.
Twitter Announced that They were Partially Freezing Their Hiring to Cut Costs While It was Finalizing the Elon Musk Acquisition Deal
Twitter had also recently announced that they were partially freezing their hiring as a part of a much larger attempt to cut costs as it was trying to finalize Elon Musk's acquisition deal. The status of the deal, however, remains uncertain since Musk has threatened to exit the agreement due to concerns regarding the number of bots on the platform.
The Wall Street Journal also posted another article noting that the deal was "in serious jeopardy" and that a change from Musk's team would likely come soon. As per CNBC, the topic of layoffs came recently when Twitter had an all-hands with Musk.
What Elon Musk Said When Asked About Potential Layoffs with the Twitter Deal
The Tesla CEO also noted that he was concerned regarding the costs at Twitter but did not provide a direct answer to the question regarding whether job cuts were potentially going to happen. As per CNBC, when asked about this topic, the Tesla CEO noted "it depends."
A senior technical recruiter at Twitter, Ingrid Johnson, made a post on Linkedin noting she had a "really tough day" and that there are people losing their jobs that they have worked in for over a decade.
Read Also: Twitter Sale: Elon Musk Cancels Deal? Reports Claim CEO is Breaking Free, Venture 'in Peril'
Twitter Senior Technical Recruiter Gave Statement Regarding the Situation
It was noted that should Twitter decided to spend potential billions when it comes to suing Elon and even maintaining a "falsely inflated stock price" at the expense of the people who were actually giving their lives building the company.
Johnson noted that it was an "even more tragic story." Twitter isn't the only company that has decided to pull back when it comes to hiring or even deciding to lay off certain employees.
Meta has also recently announced that it would slow down hiring as the company is facing some serious times. Other companies that have announced recent job cuts include Netflix, Coinbase, Unity, and even PayPal.
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This article is owned by Tech Times
Written by Urian B.
