It’s finally happening, Elon Musk has informed Twitter employees via an internal memo, that the purported mass layoffs within the company are set to begin.
According to the internal memo obtained by The Verge, the layoffs would begin Friday, November 4th. All Twitter employees will receive an email informing them whether they are being fire or not. Additionally, all Twitter offices are temporarily closed and badge access has been restricted due to safety concerns during the process. See the memo below.
In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday. 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.
Given the nature of our distributed workforce and our desire to inform impacted individuals as quickly as possible, communications for this process will take place via email. By 9AM PST on Friday Nov. 4th, everyone will receive an individual email with the subject line: Your Role at Twitter. Please check your email, including your spam folder.
– If your employment is not impacted, you will receive a notification via your Twitter email.
– If your employment is impacted, you will receive a notification with next steps via your personal email.
– If you do not receive an email from [email protected] by 5PM PST on Friday Nov. 4th, please email [email protected]
To help ensure the safety of each employee as well as Twitter systems and customer data, our offices will be temporarily closed and all badge access will be suspended. If you are in an office or on your way to an office, please return home.
We acknowledge this is an incredibly challenging experience to go through, whether or not you are impacted. Thank you for continuing to adhere to Twitter policies that prohibit you from discussing confidential company information on social media, with the press or elsewhere.
We are grateful for your contributions to Twitter and for your patience as we move through this process.
According to reports from Reuters, some staff have even filed class action lawsuits against Twitter for the conduct of these firings. Apparently, they violated California law by not providing a legally mandated 60-day notice before firing employees.
The most recent speculation is that Musk will fire around 50 percent of the existing workforce at Twitter to lean out the company, which has been seen as grossly overstaffed. This would amount to roughly 3700 employees cut from the payroll. Musk is also likely trying to improve margins at Twitter to help service the debt taken on for the $44 billion acquisition.
Elon acquired the tech company with the hopes of turning it into a true free speech platform, which has had the left enraged. He is quoted saying that despite his goal for unrestricted speech he would prevent the platform from becoming a “free-for-all hellscape”.
It will be interesting to see the changes that happen on the platform after Elon Musk finishes the restructuring.
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