Twitter General Counsel Sean Edgett emailed employees on Thursday saying the company does not plan layoffs, according to a source who viewed the email.
The Washington Post reported earlier on Thursday that Elon Musk told prospective investors in his deal to buy Twitter that he planned to get rid of nearly 75% of the company’s 7 500 workers, citing interviews and documents. The job cuts are expected in the coming months, no matter who owns the company, according to the Washington Post report.
Twitter’s current management planned to pare the company’s payroll by about $800 million by the end of next year, a number that would mean the departure of nearly a quarter of the workforce, the report said.
Musk had tried to walk away from the deal to buy Twitter in May alleging the company understated the number of bot and spam accounts on the social media platform, which started a series of lawsuits between the two parties.