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