‘Chief Twit’ Elon Musk is reportedly starting Twitter layoffs ASAP

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Elon Musk's twitter profile page on a smartphone

Newly minted Twitter owner Elon Musk is following by on his plans to chop jobs on the tech firm. According to the New York Times, managers have been requested to make an inventory of Twitter staff to put off. The transfer may go into impact as quickly as Nov. 1, the date when staff are anticipated to obtain inventory grants, which “typically represent a significant portion of employees’ pay,” per the Times. Previously, Musk advised traders that he plans to fire 75 percent of Twitter employees, but it surely is unclear how lots of the 7,500 staff will probably be laid off.

Last week, Musk began his new job as “Chief Twit” and promptly fired top executives at Twitter together with now-former CEO Parag Agrawal, CFO Ned Segal, and head of authorized and public coverage lead Vijaya Gadde. The executives had been allegedly fired “for cause” which implies they won’t obtain the multi-million greenback “golden parachute” severance bundle that staff obtain after they’re fired by no fault of their very own.

Although the small print of his plans to overtake Twitter are obscure, Musk has mentioned that he desires to make Twitter a “digital town square” which includes making the corporate non-public, decreasing content material moderation, and overturning lifelong bans of Twitter accounts like former President Donald Trump. Such actions have many customers apprehensive that trolls and misinformation may run rampant, however in a message to Twitter advertisers Musk promised that Twitter wouldn’t grow to be a “free-for-all hellscape, where anything can be said with no consequences.” Musk additionally plans on making a content moderation council with “widely diverse viewpoints.”

As a brand new period of Twitter begins, the world is watching to see how these modifications will pan out and if Twitter will grow to be the “warm and welcoming” platform Musk says he intends to create.

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