Thousands of Twitter employees were ordered to stay home Friday to await a bracing round of layoffs that could see half of the payroll axed as new owner Elon Musk launches his major overhaul of the company. A company-wide email seen by AFP said Twitter employees will receive word on their future at the company…
The cull is part of Musk’s push to find ways to pay for the mammoth $44 billion deal for which he took on billions of dollars in debt and sold $15.5 billion worth of Tesla shares, his electric car company. To mitigate concerns, Musk has vowed that the site would not become a “free-for-all hellscape” though this was quickly followed by a Musk retweet that relayed a conspiracy theory about the assault on the husband of the US House Speaker.
The email did not give a number but the Washington Post and New York Times reported that about half of Twitter’s 7,500 employees — mostly based in San Francisco — will be let go.The company said that in order to “ensure the safety” of employees and company data, the main offices would remain closed and all badge access suspended.It also said that those still employed at the company would find out on their company email, while those shown the door would get notice on their personal email.
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