Elon Musk, in a tweet, had denied a New York Times record that stated he become making plans to put off Twitter employees earlier than Nov. 1 to avoid inventory presents due at the day.
Elon Musk plans to cut about 3,700 jobs at Twitter Inc or half of of the organization’s workforce in a bid to reduce prices, Bloomberg News said on Wednesday, bringing up people familiar with the matter.
Twitter’s new proprietor will inform the group of workers affected on Friday, in line with the document.
Bloomberg additionally pronounced that Musk intends to reverse the social media agency’s existing work from anywhere policy and could require personnel to paintings from workplace though a few exceptions may be made.
Musk, in a tweet, had denied a New York Times record that said he changed into making plans to put off Twitter personnel before Nov. 1 to keep away from stock offers due on the day.
Twitter did now not right now respond to a Reuters request for remark.
Reuters had suggested in advance this week, citing sources that Musk plans to reduce a quarter of Twitter’s personnel as a part of a primary spherical of layoffs at his recently acquired business enterprise.