- A week after Elon Musk finalized his $44 billion purchase of the Silicon Valley-based social media platform, a letter went out to employees saying about half of the company’s 7,500-person workforce will be losing their jobs starting Friday.
- “Team, in an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday,” Thursday’s email to employees read, according to the Washington Post. “We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company’s success moving forward.”
- Several top executives have already left the company amid the impending layoffs, including former CEO Parag Agrawal, Chief Financial Officer Ned Segal, and policy chief Vijaya Gadde.
