Elon Musk is planning to lay off half of Twitter staff and end working from home in a cost-cutting effort following his controversial $44bn takeover.
Musk will soon announce the redundancies affecting 3,700 staff and force employees back into the office next week.
This came days after Musk sacked Twitter’s senior leadership team, including its chief executive, and many other high-profile executives have resigned since he took over the platform.
According to Bloomberg, Musk will roll out plans to reduce the workforce by half today and laid-off workers will be offered 60 days’ severance pay.
Musk earlier denied reports that up to 75% of Twitter staff could be sacked. He will also end Twitter’s “work from anywhere policy” on Monday.
Bloomberg reported that Tesla engineers had been deployed to review Twitter’s code and that engineering lay-offs were decided upon based on employees’ contributions.
Top executives of Twitter were reportedly sacked for “good cause,” by implication, they could be denied a $100m payout.
