People familiar with the matter told Bloomberg that Musk plans to lay off half of Twitter’s workforce, about 3,700.

(Reuters)

[Financial Channel/Comprehensive Report] "Bloomberg" on Wednesday (2nd) quoted people familiar with the matter as saying that Elon Musk, the world's richest man, plans to lay off half of his staff to cut costs after taking over the social platform Twitter.

According to comprehensive foreign media reports, people familiar with the matter said that Musk plans to notify affected employees on Friday (4th) that about 3,700 jobs may be cut.

In addition, Musk also expects to cancel the policy of working from home, and most of the remaining employees must return to the office to work.

Musk and his team of advisers are still planning, and the final number of layoffs could still change.

Please read on...

Musk officially took over Twitter last week, followed by a major shakeup at the top and news of layoffs one after another.

The Washington Post first reported that Musk had disclosed to potential investors that he planned to lay off nearly 75% of Twitter’s employees, but Musk denied the claim last week; Reuters reported this week that Musk plans to He recently cut a quarter of his position as part of the first round of layoffs.

Twitter's imminent layoffs are not surprising news for the market. In a question and answer with company employees in June, Musk said that the number of employees needs to be "reasonable", and that anyone who makes a "significant contribution" should Nothing to worry about.

There are also concerns that mass layoffs could weaken Twitter's ability to reduce hate speech, misinformation and spam, and jeopardize the platform's technical reliability and security.

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