After another round of Twitter layoffs, Elon Musk done with job cuts, says ready to hire again

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Elon Musk

After another round of Twitter layoffs, Elon Musk done with job cuts, says ready to hire again

Photo : BCCL

New Delhi: The Twitter workforce has shrunk from 7,500 to around 2,700 in less than a month of the world’s richest billionaire Elon Musk’s acquisition of the social media company. The new Twitter boss began by firing the company’s top brass including CEO Parag Agrawal, CFO Ned Segal and followed up with sacking nearly 50 per cent of Twitter employees. However, in a major respite to those who are still left, Musk seems to have been done with layoffs and is all set to hire again. This comes after the billionaire cut more jobs from the sales side of the social network’s business beginning late on Sunday.

Last week, the 51-year-old owner of the site had asked the remaining workforce to agree to his more “hardcore” version of the company or leave. While sales employees signed on to his vision in greater numbers, workers on the technical side were against this and quit en masse. Now, Musk is using the cuts to balance out the remaining staff, Bloomberg quoted people in the know of the matter as saying.

Some of the staff laid off in the recent round started to receive notice via emails on Sunday, which read, “Your Role at Twitter.” “After further review of our workforce, we have identified roles within our organizational structure that are no longer necessary,” the note read, according to a copy seen by Bloomberg.

“Today is your last working day at the company,” it added.

From 7,500 at the start of this month, the Twitter headcount has reduced to 2,750, according to an internal counter of employees. Some resignations and cuts may still be in the process of being counted.

Musk ready to hire again

Meanwhile, Musk at a meeting with employees on Monday stated that Twitter is now actively hiring for positions in engineering and sales, The Verge reported. He also asked the staffers to recommend potential candidates.

The micro-blogging platform does not currently have any open positions advertised on its website, and Musk did not name the specific engineering or sales posts for which the company was seeking.

“In terms of critical hires, I would say people who are great at writing software are the highest priority,” Musk was quoted as saying. Further, there were “no plans” to have the company’s headquarters in Texas, as he did with Tesla, although it would make sense to have “dual-headquartered” offices in Texas and California, according to Musk.

“If we want to move the headquarters to Texas I think it would play into the idea that Twitter has gone from being left-wing to right-wing, which is not the case. This is not a right-wing takeover of Twitter. It is a moderate-wing takeover of Twitter,” Musk told employees.

In addition, the billionaire also acknowledged that his ongoing reorganisation of Twitter will “have a lot of mistakes” but “stabilise over time.”



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