Twitter: According to a story published by the Washington Post on Monday, citing a person familiar with the situation, Twitter intends to get rid of a quarter of its workers as part of what is likely to be the first round of layoffs. Twitter was acquired by the billionaire Elon Musk just the previous week. According to the report, celebrity lawyer Alex Spiro, who has served as Musk’s legal representative for a significant amount of time, led the negotiations concerning the employment cuts.
Musk denied a report that was published in The New York Times
According to a regulatory filing, Twitter has over 7,000 employees as of the end of 2021, and a quarter of the number equates to nearly 2,000 employees. Musk denied a report that was published in The New York Times, which stated that Twitter employees would be terminated on a date prior to November 1 in order to circumvent stock grants that were due on that day. Reuters sent a comment request to Twitter, but the company did not immediately respond.
Policy Chief Vijaya Gadde was ousted by Twitter CEO Elon Musk
On Thursday, sources told Reuters that Twitter Chief Executive Parag Agrawal, Finance Chief Ned Segal, and Legal Affairs and Policy Chief Vijaya Gadde were ousted by Twitter CEO Elon Musk following the conclusion of a six-month, $44 billion takeover saga involving the social media network.