The world’s richest man, Elon Musk, and his recent Twitter acquisition was appearing to be chaotic by the day. While the community expected a smooth transition of ownership, Musk has certainly been stirring up quite the buzz. Layoffs at the social media giant have been a persistent rumor that has gained attention. But according to recent reports, this rumor might actually be true, which would be bad news for Twitter staff.
Twitter employees have been living in uncertainty ever since Musk’s $44 billion acquisition came through. A recent report pointed out that Musk, in a meeting with advisors planned to lay off about 3,800 employees from the firm. It should be noted that David Sacks, a former PayPal executive was also present in this call.
Bloomberg, on the other hand, revealed that about 3,700 employees would be sacked.
Here’s what will change for employees at Elon Musk’s Twitter
As seen in the past couple of days, Musk has introduced an array of changes to Twitter. From bidding adieu to the CEO, and CFO to dissolving the board to imposing an $8 fee on verification, Musk’s Twitter was ramped up. With regard to its employees, those selected to be laid off would be informed about the same by Friday. These employees are expected to be given 60 days of severance pay.
In addition to this, Elon Musk intends to slash Twitter’s existing work-from-home policy. As per this, Twitter employees were allowed to work from their houses “forever.” Musk will reportedly switch this up. Several speculated that this initiative was put forth to tick off voluntary departures.
Netizens veered in and noted how it would be difficult for Musk to implement the aforementioned changes into the platform after sacking the existing workforce. A few others expressed fear about how their data would be safe while Musk overhauls Twitter.