Twitter to lay off 25% of staff in first round of job cuts

Twitter lays off employees

As part of what is anticipated to be a first wave of layoffs, Twitter, which was bought by billionaire Elon Musk last week, plans to fire a quarter of its staff, according to a story in the Washington Post on Monday.

The conversations concerning the employment reduction were reportedly spearheaded by celebrity lawyer Alex Spiro, a longtime Musk legal representative.

According to a regulatory filing, Twitter had over 7,000 workers by the end of 2021, with roughly 2,000 people making up a quarter of the total.

Musk refuted claims made in the New York Times that he had fired Twitter workers before November 1 in order to avoid having to pay them for stock awards that were due that day.

On Thursday, after a six-month $44 billion takeover saga of the social media platform, sources told Reuters that Musk sacked Twitter Chief Executive Parag Agrawal, Finance Chief Ned Segal, and Legal Affairs and Policy Chief Vijaya Gadde.

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