Twitter boss Elon Musk to fire half of employees as a cost-cutting measure

New Twitter owner Elon Musk plans to fire 50% of Twitter’s workforce or about 3,700 people, Bloomberg claims. The key reason for the lay-offs is a cost-cutting and the employees are yet to be informed. On top of that, the remaining people will be asked to work from the office full-time, which is a reversal of the work-from-anywhere policy that was introduced in the early days of the COVID-19 pandemic. Senior executives and advisers have been discussing with Elon Musk a range of scenarios for how the layoffs should take place, and one idea is for terminated workers to receive 60...

Twitter boss Elon Musk to fire half of employees as a cost-cutting measure

New Twitter owner Elon Musk plans to fire 50% of Twitter’s workforce or about 3,700 people, Bloomberg claims. The key reason for the lay-offs is a cost-cutting and the employees are yet to be informed. On top of that, the remaining people will be asked to work from the office full-time, which is a reversal of the work-from-anywhere policy that was introduced in the early days of the COVID-19 pandemic. Senior executives and advisers have been discussing with Elon Musk a range of scenarios for how the layoffs should take place, and one idea is for terminated workers to receive 60...