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‘Chief Twit’ Elon Musk is reportedly starting Twitter layoffs ASAP
Elon Musk, the recently appointed owner of Twitter, is carrying out his plans to eliminate positions at the digital firm. Managers have reportedly been instructed to compile a list of Twitter employees who need to be let go, according to the New York Times. The change might take place as early as Nov. 1, the day that employees are anticipated to get stock grants, which, according to the Times, “usually represent a large chunk of employees’ income.” Although it is unknown how many of Twitter’s 7,500 employees will be laid off, Musk previously informed investors that he intended to terminate 75% of the company’s personnel.
Musk began his new position as “Chief Twit” last week and immediately fired key Twitter officials, including the company’s former CEO Parag Agrawal, CFO Ned Segal, and director of law and public policy Vijaya Gadde. According to reports, the executives were let go “for cause,” which means they may not be eligible for the multi-million dollar “golden parachute” severance package that employees typically receive when they are let go without cause.
Although the details of his plans to overhaul Twitter are vague, Musk has said that he wants to make Twitter a “digital town square” which involves making the company private, reducing content moderation, and overturning lifelong bans of Twitter accounts like former President Donald Trump. Such actions have many users worried that trolls and misinformation could run rampant, but in a message to Twitter advertisers Musk promised that Twitter would not become a “free-for-all hellscape, where anything can be said with no consequences.” Musk also plans on creating a content moderation council with “widely diverse viewpoints.”
As a new era of Twitter begins, the world is watching to see how these changes will pan out and if Twitter will become the “warm and welcoming” platform Musk says he intends to create.
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