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IPFS News Link • Social Networking/Social Media

Elon Musk To Fire Half Of Twitter On Friday

• Zero Hedge

Taking a page out of Thanos' playbook (or is that Zorg), in two days Elon Musk will finally do what he has repeatedly warned he would do: unleash mass layoffs at the company he just acquired.

According to Bloomberg, the world's richest man will eliminate 3,700 jobs at Twitter - roughly half of the company's entire workforce - in a bid to drive down costs following his $44 billion acquisition; Musk will inform affected staffers Friday, said the Bloomberg sources. Oh, and all those masked snowflakes who previously raged against the previous management's "draconian" demand to come back to the office, you're out of luck too: Musk intends to reverse the company's existing work-from-anywhere policy asking what few employees remain to report to offices.

Musk and a team of advisers have been weighing a range of scenarios for job cuts and other policy changes at San Francisco-based Twitter, the people said, adding that the terms of the headcount reduction could still change. In one scenario being considered, laid off workers will be offered 60 days' worth of severance pay, two of the people said.


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