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Twitter faces massive layoffs after Elon Musk assumes the reins

You need to be aware of these facts

  • Elon Musk reportedly told employees at Twitter to quit.
  • According to rumours, the layoffs at companywide will occur before November 1.
  • It is expected that an official announcement will be released prior to this date.

Elon Musk, the new owner of Twitter, reportedly caused heads to start rolling as soon the company’s top executives took over. However, the list could grow as the days go by. Twitter’s new owner has apparently ordered a layoff across the company.

The New York Times (opens in a new tabMusk instructed managers to create a list of people to be fired. According to reports, the layoffs will take place before November 1st which is when stock grant recipients are supposed to receive their grants. This type of grant account for a large portion of the employees’ salary, according to The Times.

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