Elon Musk: Twitter’s new CEO plan to reduce workforce starting Friday.
Elon Musk: The new Twitter CEO plans to cut about half of its workforce, about 3,700 jobs, on Friday in an attempt to slash costs.
It is expected to drive down costs following his $44 billion acquisition of the social networking site, according to people with knowledge of the matter.
Majority of the employees who remain will be required to come back into the office at the company’s San Francisco headquarters
This is however, a reversal of the company’s previous work from policy.
Affected Workers are expected to be enrolled on a two-months severance pay.
Musk had already fired a number of top-level staffers including Chief Executive Officer Parag Agrawal
According to Bloomberg report, Musk could also start charging $8/month for blue checks as soon as Monday,
This has waken a lot of division between those willing to pay for blue tick and the mass who see this as as an exploitation and outrageous.
Musk further tweeted: *To all complainers, please continue complaining, but it will cost $8*
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