The confusion between Elon Musk, the new boss of Twitter, and the employees of the social network seems to be far from over. After firing the entire company’s board, sources close to him claim that the billionaire intends to cut no less than 3,700 employees from the platform – something around half of its current staff.
Published by Bloomberg, the information was provided by people “with knowledge of the subject”, but who preferred to remain anonymous.
According to them, the workers’ cuts would already start this Friday (4) and would be an attempt by Musk to reduce costs of the social network, after the businessman had bought it for US$ 44 billion.
It is worth remembering that the threat of layoffs that hangs over Twitter does not come from now, having started even before the purchase of the social network was finalized.
After a veritable saga of negotiations, in October, the Washington Post disclosed that Elon Musk intended to fire no less than 75% of the bird net’s employees.
THE information was later deniedbut there was suspicion that at least the company’s original plans to cut 25% of its employees would be maintained.
When he took over the company, Musk arrived with an impact, firing some of the company’s top leadership namessuch as former CEO Parag Agrawal, Chief Financial Officer Ned Segal, and Political and Legal Affairs Executive Vijaya Gadde.
According to close sources, they and other fired top executives would have, together, no less than US$ 100 million receivable. There was, however, a high chance of the matter going to court, as Musk would not be willing to pay the amount and, therefore, would have sent them away on the grounds of just cause.
In addition to Friday’s possible new layoffs, Musk also wants to change the way employees who remain on Twitter work.
The same sources heard by the Bloomberg alleged that the mogul intends to roll back the company’s current work policy, which allows its employees to work remotely.
Although some exceptions can be made, the CEO’s idea is that everyone starts working now in locosolving questions about the social network directly in the Twitter office.
Although they see the Twitter layoffs scenario as uncertain – including the number of layoffs that can be changed – the sources of the report reported that there is a team of advisors working alongside Musk to evaluate the best scenarios for cuts and other changes in the company. company work policy.