Layoffs at Twitter: Elon Musk reportedly asks managers to prepare lists; all you need to know

Since acquiring Twitter a few days ago, Elon Musk has already made a few significant decisions. The New York Times has now claimed, citing sources familiar with the situation, that Musk is now preparing to lay off numerous Twitter employees and has already fired a number of the company's senior executives. The claimed source also revealed that Twitter would conduct layoffs before November 1.

Musk, who clinched the $44 billion Twitter transaction, has already requested managers at Twitter to create lists of team members who are not required anymore and maybe let them go as soon as possible. As far as the number of employees who might get pink slips, there is no information available yet. It was recently rumoured that after Musk assumed control of the social media network, he would fire 75% of Twitter's staff. Musk denied the rumour by saying that he had no such intentions and that the job losses would not be as severe as people were expecting.

There are 7,500 people working at Twitter. The platform may reduce headcount by about 50%.


FAQs on the same:

1. Who owns Twitter?
   Tesla inventor Elon Musk spent $44 billion to acquire control of Twitter after attempting unsuccessfully for months to reverse the agreement he negotiated.
2. What does Twitter serve?
   Twitter is a social media platform with the main goal of connecting users and enabling them to express their ideas to a large audience.