CNN Business
 — 

Elon Musk will begin laying off Twitter employees on Friday morning, according to a memo sent to staff. The email sent Thursday evening notified employees that they will receive a notice by 12 pm ET Friday that informs them of their employment status.

“If your employment is not impacted, you will receive a notification via your Twitter email,” a copy of the email obtained by CNN said. “If your employment is impacted, you will receive a notification with next steps via your personal email.”

The email added that “to help ensure the safety” of employees and Twitter’s systems, the company’s offices “will be temporarily closed and all badge access will be suspended.”

The email concluded acknowledging that it will be “an incredibly challenging experience to go through” for the workforce.

The memo comes after news reports that Musk had planned to lay off up to half of the company’s staff after acquiring it last week for $44 billion.

Twitter had around 7,500 employees prior to Musk’s takeover.

Musk started his tenure at Twitter by firing CEO Parag Agrawal and two other executives, according to two people familiar with the decision.

And in less than a week since Musk acquired the company, its C-suite appears to have almost entirely cleared out, through a mix of firings and resignations. Musk has also dissolved Twitter’s former board of directors.

– Clare Duffy contributed to this report

Source link

You May Also Like

Everyone Pivots to A.I., and Bad News for Crypto

Listen and follow ‘Hard Fork’Apple | Spotify | Stitcher | Amazon |…

Elon Musk takes Twitter out of the EU’s Disinformation Code of Practice

Twitter has withdrawn from the European Union’s Code of Practice on online…

The way we search for information online is about to change | CNN Business

CNN Business  —  An entire generation of internet users has approached search…

Could AI pen ‘Casablanca’? Screenwriters take aim at ChatGPT

NEW YORK (AP) — When Greg Brockman, the president and co-founder of…