Musk Plans to Eliminate Half of Twitter Jobs to Cut Costs

Nov 03,2022
KingData News: Elon Musk plans to eliminate about 3,700 jobs at Twitter Inc., or half of the social media company’s workforce, in a bid to drive down costs following his $44 billion acquisition, according to people with knowledge of the matter. Twitter’s new owner aims to inform affected staffers Friday, said the people, who requested anonymity discussing non-public plans. Musk also intends to reverse the company’s existing work-from-anywhere policy, asking remaining employees to report to offices -- though some exceptions could be made, the people said.
This index provides an up-to-date account of Twitter acquisition proposed by Elon Musk.