Elon Musk plans to eliminate half of Twitter’s workforce to cut costs on the social media platform.
Employees of Twitter Inc. Around the world, a week after billionaire Elon Musk took over, are finding out if they’re still with the company. The billionaire plans to eliminate half of Twitter’s workforce to cut costs on the social media platform he bought last month for $44 billion.
Read the memo sent to employees by Bloomberg.
In an effort to put Twitter on a healthy path, Friday we will go through the difficult process of reducing our global workforce. We recognize that this will affect some individuals who have made valuable contributions to Twitter, but unfortunately this action is necessary to ensure the company’s future success.
Due to the nature of our dispersed workforce and our desire to notify affected individuals as soon as possible, communications for this process will be via email. On Friday, November 4 at 9:00 AM PST, everyone will receive an individual email with the subject line: Your role at Twitter. Please check your email, including your spam folder.
- If your employment is not affected, you will be notified via your Twitter email.
- If your employment is affected, you will be notified with next steps via your personal email.
- If you haven’t received an email from twitter-hr@ by Friday, November 4 at 5:00 PM PST, please email email@example.com.
To ensure the security of every employee, Twitter systems and customer data, our offices will be temporarily closed and all access to badges will be suspended. If you are in the office or on your way to an office, go home.
We recognize that this is an incredibly challenging experience to go through, whether you are affected or not. Thank you for continuing to adhere to the Twitter policy that prohibits you from discussing confidential business information on social media, with the press or elsewhere.
Thank you for your contributions to Twitter and for your patience as we go through this process.