Bloomberg: Musk plans to cut 3,700 Twitter employees to reduce costs

ChainCatcher news, according to Bloomberg citing informed sources, Musk plans to lay off 3,700 Twitter employees (about half of the company's total workforce) to reduce operational costs after his acquisition, and he plans to notify the laid-off employees on Friday.

In addition, Musk may cancel the current remote work policy and require employees to work in the office, although there may be some exceptions for certain employees. Informed sources also revealed that Musk and a team of advisors are weighing a range of layoff and other policy change options, and the specifics of severance and other plans may change. (Source link)