Twitter will make its first wave of Employment layoffs by laying off 25% of its Workers
Twitter had more than 7,000 employees at the end of 2021.
The Washington Post reported on Monday, citing a person familiar with the matter, that Twitter, which was acquired by billionaire Elon Musk last week, plans to lay off a quarter of its workforce as part of what is expected to be the first round of layoffs.
According to the report, renowned attorney Alex Spiro, Musk’s longtime legal representative, led the talks about the job cuts.
The Company had more than 7,000 employees at the end of 2021, according to an organizational profile, with a quarter of the number of employees numbering nearly 2,000.
Musk denied a New York Times report that Twitter laid off employees before Nov. 1 to avoid a stock award due that day.
Twitter did not immediately respond to a request for comment from Reuters.
Musk fired Company CEO Parag Agrawal, CFO Ned Segal, and Chief Legal and Policy Officer Vijaya Jade after completing an epic $44 billion buyout of the social media platform over a six-month period. sources told Reuters.
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