Elon Musk, who became the new owner of Twitter, plans to lay off about 3,700 employees of the company – this is half of the staff, writes Bloomberg. According to sources familiar with the situation, the layoffs will be announced to employees as early as November 4.
All this is done in order to reduce costs, the agency notes. At the same time, Musk also wants to cancel the company's policy, according to which employees can work from anywhere. Those remaining in the company will be asked to report to the offices, but exceptions may be made for some.
Those who end up being fired may be paid two months' wages, a scenario currently under discussion. After Musk made the cut decision, Twitter Inc.'s chief accountant. Robert Caiden left the company, writes Bloomberg.
Previously, Musk, who bought Twitter for $44 billion, had already fired key company executives, including CEO Parag Agrawal, CFO Ned Segal, general counsel Sean Edgett and head of legal policy, trust and security Vijay Gadde.
The day before, Musk announced that verification on Twitter (blue checkmark) would cost $8, despite objections from users: “To everyone who complains: please keep complaining, but it will cost $8.” After the first report of this, American writer Stephen King said that in this case he would leave Twitter. Musk responded that Twitter needed "somehow to pay the bills" and that the company couldn't rely entirely on advertisers.
On October 28, the deal to buy Twitter was completed. Bloomberg reported that Musk is going to first of all remove the option of "lifetime" blocking of accounts. Users who have already been banned will most likely be able to recover their accounts. The entrepreneur himself said that he bought Twitter not for profit, but in order to "preserve a safe platform for communication on the Internet and avoid a split in social networks."