Elon Musk is reportedly planning to cut Twitter’s workforce in half

The mass layoffs Twitter staff have been bracing for since Elon Musk started his takeover could also be on the horizon. In keeping with Bloomberg, the web site’s new proprietor and “Chief Twit” is planning to cull 3,700 staff from the corporate’s workforce, which might minimize its variety of employees members in half, in an effort to chop prices. Musk and a workforce of advisers are nonetheless reportedly within the midst of finalizing the phrases for the layoffs, however one possibility they’re contemplating is providing the individuals they let go 60 days’ of severance pay. The manager might break the information to affected staffers as quickly as Friday. 

Those that get to maintain their jobs could must get used to working from the workplace once more. Bloomberg says Musk can also be planning to finish Twitter’s work-from-anywhere coverage and asking staff to report back to workplaces, barring some exceptions. The publication beforehand reported that Twitter staff had been anxious concerning the adjustments Musk might deliver in terms of this specific coverage earlier than he even took over. It is no secret that the chief is not a fan of work-from-home preparations and had beforehand given Tesla and SpaceX staff an ultimatum, demanding that they spend 40 hours within the workplace or depart the corporate. 

Earlier than Musk’s takeover of the social community began, reviews got here out that he was going to axe 75 p.c of the corporate’s employees members. He reportedly denied these numbers when he visited Twitter’s San Francisco HQ, but it surely was fairly clear that layoffs have been nonetheless within the playing cards. After the deal to buy Twitter was sealed, Musk’s first transfer was to fireplace former CEO Parag Agrawal, Chief Monetary Officer Ned Segal and different high execs. 

Extra director and VP jobs have been let go over the weekend, whereas some remaining Twitter staff in management roles have been requested to jot down up lists of employees members that may be minimize. These layoff lists have been reportedly ranked based mostly on every particular person’s contribution to Twitter’s code, and Musk requested assist from Tesla’s administrators and engineers to evaluate them. 

Apart from ordering a mass layoff to economize, Musk can also be implementing big adjustments to generate income, equivalent to elevating the worth of Twitter Blue to $8 a month from $3. Bloomberg says the brand new pricing might go reside as quickly as Monday subsequent week. The subscription will even be a requirement for blue verification badges going ahead, although customers who’re already verified shall be given months to begin paying earlier than they lose their test mark.