Musk Era: Twitter Reportedly Starts Mass Layoffs Based on Tweets from Employees

Twitter employees received word from an internal memo that the company's new management team, led by Elon Musk, will start making layoffs on Friday morning, as reported first by TechCrunch and The Verge.

This follows circulating rumors that Musk will reduce Twitter's workforce will be reduced by 75%, even though he dismissed these claims after his first visit to the company's headquarters.

"Your Role at Twitter"

All staff members were notified via email on Thursday evening that they will learn of their employment status at 9 A.M. P.T. on Friday with the subject line "Your Role at Twitter" in each email.

An employee will receive notification on their work email if they retain their positions; if they are fired, they will receive notification on a personal email address.

"In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday. We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is, unfortunately, necessary to ensure the company's success moving forward," the memo, obtained by The Verge, reads.

Employees at Twitter have reportedly been filling an internal Slack channel with blue heart emojis as they wait to find out their destiny tomorrow, according to a post from a Twitter employee (although the tweet is already deleted).

By asking programmers to print out the code they have generated in the last 30 to 60 days, Musk's team has already attempted to gauge the productivity of Twitter staff. Tesla engineers were also invited by Musk to review the Twitter code.

However, it's unclear which business units may be impacted. Musk fired the whole PR department of Tesla in the past, therefore it stands to reason that he will also probably fire Twitter's PR department, according to TechCrunch.

Musk's Era

As part of Musk's purchase agreement, Twitter agreed to take on $13 billion in bank debt, which will result in annual interest payments of around $1 billion for Twitter.

Platformer has reported that Twitter's newsletter service Revue will be discontinued by the end of the year. In January 2021, Twitter paid an unknown sum to purchase Revue.

The report also claims that Twitter's plans to create cryptocurrency wallets as well as Notes, a long-form publishing tool, are on hold.

CEO Parag Agrawal, CFO Ned Segal, General Counsel Sean Edgett, and Head of Legal Policy, Trust and Safety Vijaya Gadde were all sacked as soon as Musk completed his acquisition last week.

The next day, Sarah Personette, Twitter's chief consumer officer, and Dalana Brand, the company's chief of people and diversity, both announced their resignations.

This article is owned by Tech Times

Written by Jace Dela Cruz