Elon Musk ordered company-wide layoffs at Twitter on Saturday, in accordance with a report from The New York Occasions. It’s unclear what number of staff will probably be affected by the purported job cuts, however sources inform the NYT that some departments will probably be affected greater than others.
The layoffs may happen earlier than November 1st — the identical day when staff are purported to obtain their inventory grants, which “sometimes signify a good portion” of their pay. Based on the NYT, Musk might not must pay these grants if he lays off staff earlier than this date. Twitter didn’t instantly reply to The Verge’s request for remark.
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