HERE COME THE CUTS: Elon Set to Layoff 25% of Twitter Staff in First Round of Firings

Musk is preparing to layoff 25% of Twitter’s workforce.

According to a Newsmax report, new Twitter owner Elon Musk will layoff 25% of Twitter’s workforce in what is suspected to be just the first round of aggressive downsizing.

From Newsmax:

Twitter, which was acquired last week by billionaire Elon Musk, plans to let go of a quarter of its workforce as part of what is expected to be a first round of layoffs, the Washington Post reported on Monday, citing a person familiar with the matter.

Celebrity lawyer Alex Spiro, a long-time Musk legal representative, led the conversations about the job cuts, according to the report.

Twitter had over 7,000 employees at the end of 2021, according to a regulatory filing and a quarter of the headcount amounts to nearly 2,000 employees.