December 10, 2022

Bobbys Brane

Bobbys Brane – Business & Tech Blog

Elon Musk reportedly ordered company-wide layoffs at Twitter

1 min read

Elon Musk ordered company-wide layoffs at Twitter on Saturday, according to a report from The New York Times. It’s unclear how many workers will be affected by the purported job cuts, but sources tell the NYT that some departments will be affected more than others.

The layoffs could occur before November 1st — the same day when employees are supposed to receive their stock grants, which “typically represent a significant portion” of their pay. According to the NYT, Musk may not have to pay these grants if he lays off employees before this date. Twitter didn’t immediately respond to The Verge’s request for comment.