• Home
  • Apps
  • Apps News
  • Twitter Said to Have Clarified to Staff That There Are No Plans for Layoffs

Twitter Said to Have Clarified to Staff That There Are No Plans for Layoffs

Twitter General Counsel Sean Edgett emailed employees on Thursday saying the company does not plan layoffs, according to a source.

Twitter Said to Have Clarified to Staff That There Are No Plans for Layoffs

Photo Credit: Reuters

Twitter General Counsel Sean Edgett emailed employees with reassurance on Thursday

Highlights
  • Twitter General Counsel Sean Edgett emailed employees on Thursday
  • Twitter HR staff says no plans for layoffs
  • Documents accessed by The Post shows lay off plans in place before musk
Advertisement

Twitter 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.

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 percent 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 (roughly Rs. 6,600 crore) by the end of next year, a number that would mean the departure of nearly a quarter of the workforce, the report said.

Twitter did not immediately respond to a Reuters request for comment.

Human resources staff at the social media company have told employees that they were not planning for mass layoffs, but documents showed extensive plans to push out staff and cut down on infrastructure costs were already in place before Musk offered to buy the company, the Washington Post reported.

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.

Earlier this month, Musk reversed course and said he will proceed with the deal on original terms.

© Thomson Reuters 2022


Is the Realme Pad the best budget tablet you can purchase under Rs. 20,000? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

 

Affiliate links may be automatically generated - see our ethics statement for details.
Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Twitter, Elon Musk
Elon Musk Reportedly Plans to Cut Nearly 75 Percent of Twitter's Workforce
Black Panther: Wakanda Forever Tickets Now Live on BookMyShow, Paytm in India
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News
 
 

Advertisement

Follow Us

Advertisement

© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »