The US-based microblogging and social networking service is expected to see several job cuts, as confirmed by an internal memo to the staff, following the recent $44bn takeover by SpaceX and Tesla CEO Elon Musk
Twitter to start mass layoffs following Musk’s takeover. (Credit: Brett Jordan on Unsplash)
Twitter has informed its staff about the company’s plans to begin mass layoffs, temporary closing of its offices, and the suspension of badge access.
The microblogging platform has reportedly sent an email to employees saying that it will alert them on Friday about the job cuts.
The internal memo sent by Twitter to its staff, as reported in various publications, reads: “In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday.
“We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company’s success moving forward.
“Given the nature of our distributed workforce and our desire to inform impacted individuals as quickly as possible, communications for this process will take place via email.”
The layoff memo has come after a week Elon Musk completed the $44bn takeover of the US-based social networking service.
The temporary shutting down of its offices and suspending of badge access are being done by the social media firm in order to meet the security concerns of staff, company systems, and customer data.
Following the takeover, Musk has already fired CEO Parag Agrawal, chief financial officer Ned Segal, and Vijaya Gadde, who was serving as the legal affairs and policy chief.
Musk has also ordered the microblogging platform’s teams to identify opportunities to annually save $1bn in infrastructure costs, reported Reuters, citing two sources having internal knowledge of the matter as well as an internal Slack message seen by the news agency.
The initiative, referred to as Deep Cuts Plan, urges the company to find up to $3m a day in savings in infrastructure.