Twitter has told employees that they were not planning large-scale layoffs.
A source who viewed the company e-mail gave this information.
Elon Musk had talked about considering the plan of layoffs after the acquisition of the company.
New Delhi. Amidst the fear of recession in America, the employees of tech and IT companies are afraid of layoffs. Meanwhile, the giant tech company Twitter has made it clear that the company has no plans to lay off. Actually billionaire businessman Elon Musk has signed an agreement to acquire the company. After this, a media outlet told that Musk is considering layoffs in the company.
In this regard, Twitter’s General Counsel Sean Edgett said in an e-mail to employees on Thursday that the company is not planning to lay off. A source who viewed this mail gave this information.
Elon Musk’s plan increased the nervousness of the employees
Earlier on Thursday, the US newspaper The Washington Post reported that Elon Musk told potential investors in his deal to buy Twitter that he planned to lay off about 75 percent of the company’s 7,500 employees.
Also read- Jobs of Twitter employees in danger! 75 percent off may happen as soon as Musk arrives
According to the Washington Post report, job cuts are expected in the coming months, irrespective of the owner of the company. At the same time, the report said that the current management of Twitter plans to cut the company’s payroll by about $ 800 million by the end of next year. Twitter did not respond to a query from news agency Reuters for comment on the issue.
Is layoff plan on the company’s agenda?
Twitter’s HR department has told employees they were not planning large-scale layoffs, but documents showed broad plans to lay off employees and cut infrastructure costs.
Let us tell you that on Wednesday, Elon Musk said about the Twitter deal that he is paying more money for this deal. Musk said in response to a question that Twitter has been weak for a long time, but it has an incredible potential.
Tags: Elon Musk, Twitter
FIRST PUBLISHED : October 21, 2022, 09:54 IST