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Twitter says no plans of company-wide layoffs after Musk's acquisition

Twitter Inc clarified to staff that there are no plans for company-wide layoffs since it signed a deal to be acquired by billionaire Elon Musk

Photo: Bloomberg
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Photo: Bloomberg

Reuters
Twitter Inc on Thursday clarified to staff that there are no plans for company-wide layoffs since it signed a deal to be acquired by billionaire Elon Musk, after a media outlet reported that Musk is considering layoffs at the company.

Twitter General Counsel Sean Edgett emailed employees on Thursday saying the company does not plan layoffs, according to a source who viewed the email.

The Washington Post reported earlier on Thursday that Elon Musk told prospective investors in his deal to buy Twitter that he planned to get rid of nearly 75% of the company's 7,500 workers, citing

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Oct 21 2022 | 9:09 AM IST

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