Over a week after Elon Musk took charge of Twitter, the social media company announced that they would inform their staff about their employment fate through email on Friday at 12 PM Pacific time.
According to the social media platform, workers who are not affected will be notified through their corporate emails, while those who will be laid off will be informed via their personal emails.
Twitter also reported that they would temporarily close their offices and prevent staff access on Friday to “help ensure the safety of each employee as well as Twitter systems and customer data.”
Additionally, Twitter also told its employees to notify the company if they did not receive an email by 5 PM Pacific time.
“We acknowledge this is an incredibly challenging experience to go through, whether or not you are impacted. Thank you for continuing to adhere to Twitter policies that prohibit you from discussing confidential company information on social media, with the press or elsewhere,” the social media giant added.
This mass layoff will affect roughly half of the company’s workforce, which is around 3,700 employees.
Before this mass layoff, Elon Musk also cleared out Twitter’s executive leadership, including legal affairs and policy chief Vijaya Gadde, CEO Parag Agrawal, and CFO Ned Segal.
Musk Instructed Twitter to Cut Infrastructure Cost
Amid the mass layoff, Twitter’s new owner Elon Musk directed the company’s staff to cut the infrastructure cost by $1 billion.
Following Musk’s demand, the social media platform aims to find around $1.5 million to $3 million a day in savings from servers and cloud services.
According to a source, these infrastructure cuts might put Twitter at risk of going down during major events. However, said source further speculates that Elon Musk willingly introduces such risk to meet their goal.
As Elon Musk takes over Twitter, the billionaire CEO said he wants to increase the platform’s revenue to more than $26 billion by 2028 against a mere $5 billion last year.
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