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Thndr Claps » U.S. Claps » Tech 📲 » First order of business for Musk – job cuts ✂️

First order of business for Musk – job cuts ✂️

by Omar El Shorafa
October 31, 2022
Twitter, Musk, Claps

The Clap
Twitter (NYSE: TWTR) plans to cut 25% of its workforce, representing around 2,000 employees.

The Deets
The tech giant, which was acquired by Musk last week, already saw Musk fire 3 executives in the company.

This is expected to be the first round of layoffs for the company.

So What
Musk denied that he planned on laying off Twitter employees prior to November 1 to avoid issuing them stock grants.

Related News
Concluding the end of a 6-month saga, Twitter is set to be delisted from the NYSE by November 8.

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