Brittany Gates

Reporting video games and tech news from an entrepreneur angle

Twitter To Layoff 3700 Employees?

twitter to layoff 3700 employees
If the new reports are true, then Twitter will layoff 3700 employees on this Friday, which is about half of the current Twitter employee headcount.

Is Twitter to layoff 3700 employees? According to a new Bloomberg report, yes. And the layoffs will start this Friday according to insiders in the company.

Twitter To Layoff 3700 Employees: About Half Of Its Workforce

I’ve written about the rumors circulating about Twitter layoffs and this is another one. The first rumors of layoffs came slightly before Elon Musk purchased Twitter for $44 billion dollars when he told investors he wanted to cut the company’s workforce by 75%. That frightened Twitter employees enough to pen an open letter to the former Twitter executives and Elon Musk. The new owner later tweeted the 75% figure was false.

Then reports came that layoffs would only cut 25% of the employees, a number matching up with what the former Twitter executives planned for 2023. That report came out from the meetings of Elon Musk’s inner circle with the remaining Twitter managers.

However, it appears the cuts are going to be more drastic and aim to reduce the company’s headcount about 50%. We’ll have to wait until Friday to see if this new report is correct. I’m still waiting to hear back from my former coworkers who still work at Twitter. However, I’m not sure if they have any new information to give me since they aren’t in management. Plus, many of them are busy working, hoping to prove they are productive enough to keep their jobs. Yet, there is some layoff planned, as meetings for the workforce reduction was widely available to see by all employees. Was this an accident? Maybe.

Remote Work No Longer Available

Also in the new Bloomberg article is a change to remote work. When Jack Dorsey was CEO of Twitter he made the decision to make remote work permanent at Twitter. Many employees applauded the idea, and I knew many who moved away from Twitter offices to lower-cost-of-living areas. Well, Elon Musk is going to rescind that decision.

And this shouldn’t be a surprised to anyone. Elon Musk is famous for saying that he doesn’t believe in remote work, and it doesn’t work for his companies. His other companies don’t allow remote work at all, not even a hybrid model. So Twitter employees need to prepare themselves for commuting back to the office again. What about the ones who moved away from the offices? They need to find a way to be closer to the office. Or if they want to continue working remotely then they need to find another job.

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[…] employee layoffs happening now according to emails seen by NBC News. This confirms my previous article about layoffs starting on Friday. The only things we’re uncertain of is how many employees […]

[…] lawsuit on Thursday claiming the company violated both federal and state employment laws. With the rumors of layoffs circulating all week people speculated employees may file a lawsuit if Elon Musk didn’t […]

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