Twitter Temporarily Closes Offices In Preparation For Mass Layoff
Elon Musk’s Twitter has temporarily closed its offices and blocked access for its workers to the internal systems as the company looks to cut staff, according to Reuters.
Twitter on Thursday had told its employees that they would be informed if they were affected by the layoff that will roughly impact 3,700 employees.
A Washington Post report last week had said that Musk will be looking to layoff 75 per cent of the Twitter staff, which was falsified by the executive. But the planned staff cut is expected to affect 50 per cent of Twitter staff.
The social media company’s email to its employees read that it would be reducing global workforce on Friday.
Some Twitter employees have filed a class-action lawsuit on Thursday in San Francisco federal court for eliminating jobs without prior notice.
After the takeover, Musk had dissolved the board of directors to become the sole director of the company and the chief executive officer.
Musk’s tenure at Twitter began with the ousting CEO Parag Agrawal, CFO Ned Segal, legal executive Vijaya Gadde and general counsel Sean Edgett.
Musk had completed his USD 44 billion takeover of Twitter on October 27 and has introduced significant changes on how the platform works including introducing USD 8 per month subscription for the coveted account verification badge.
