The layoffs at Twitter could occur before November 1st.
indicate Musk wants to cut down on Twitter’s workforce by 75 percent. Twitter currently has about 7,500 employees., the layoffs could occur before November 1st, the day when employees are supposed to receive their stock grants, which “typically represent a significant portion” of their pay.
Musk may not have to pay these grants if he lays off employees before this date. Sources familiar with the situation told the outlet that some managers have been asked to come up with lists of employees to let go., and subsequently fired numerous executives, including former CEO Parag Agrawal, chief financial officer Ned Segal, and policy chief Vijaya Gadde.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: