Business Maverick: Twitter tells staff there aren’t plans for company-wide layoffs

In a memo seen by Bloomberg News, Twitter general counsel Sean Edgett warned workers to expect “tons of public rumours and speculation” as the closing of the deal nears. “We do not have any confirmation of the buyer’s plans following close and recommend not following rumours or leaked documents but rather wait for facts from us and the buyer directly,” he said.that Musk’s plan for Twitter involves slashing its staff by 75% in a matter of months.

In his memo, Edgett said discussions about cost savings and planning occurred earlier in the year. “Those discussions stopped once the merger agreement was signed,” he said. “Since the merger agreement has been in place, there have been no plans for any company-wide layoffs.”

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Twitter tells employees there are no plans for layoffs - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Twitter Inc on Thursday clarified to staff that there are no plans for company-wide layoffs since it signed a deal to be acquired by billionaire Elon Musk, after a media outlet reported that Musk is considering layoffs at the company.
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