Twitter has begun laying off employees. The future of Twitter staff has been uncertain ever since Elon Musk revealed the company will be acquired. According to recent estimates, 30% of the microblogging site’s talent acquisition staff has been eliminated. This team is largely responsible for recruiting and onboarding new employees. One hundred Twitter employees have been let go, the company has revealed.
According to the Wall Street Journal, Twitter has laid off some members of its talent acquisition staff. The firm has laid off nearly a hundred workers. Musk had hinted about layoffs for Twitter for weeks before they actually happened. As Twitter tries to complete its purchase by Musk, the firm had already declared a hiring freeze to minimise expenses.
Musk, CEO of Tesla, threatened to back out of the Twitter acquisition several times due to problems with automated accounts. The purchase was in “severe trouble,” the Wall Street Journal said in a second article, and “it seemed probable a change in direction from Musk’s team would come shortly.”
In June, at Musk’s first meeting with Twitter staff, the billionaire declared the firm “needed to become healthy” financially and reduce costs. When questioned about layoffs at an internal Q&A, Musk reportedly said, “Right now costs surpass income.” Worker witnesses confirmed the comments to the media. What a terrible predicament, “In his own words, Musk said. When employees pressed him for further details regarding potential layoffs in the future, he responded, “It depends. It is essential that the business improve its health “According to CNBC, etc.
A Twitter employee named Ingrid Johnson who holds the position of Senior Technical Recruiter said on LinkedIn that longtime employees were among those affected by the most recent wave of layoffs. The Twitter layoffs have begun. People who have worked at the same place for more than a decade are being laid off. It’s been a rough day. Furthermore, there is a prohibition on selling any Vested Stock at this time. Beginning on May 31st,” she wrote.
