World\u2019s richest man, Elon Musk, is set to lay off about half of Twitter\u2019s global workforce.<\/p>\n\n\n\n
The tech mogul, who acquired the company in late October, has been effecting massive changes in the administration of the platform ever since he took over.<\/p>\n\n\n\n
In an email sent to Twitter employees on Thursday evening, it was announced that layoffs would begin immediately, and fired workers should not return to work on Friday, New York Times reports.<\/p>\n\n\n\n
The mail read in part, \u201cIn an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global work force.<\/p>\n\n\n\n
\u201cWe recognise that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company\u2019s success moving forward.\u201d<\/p>\n\n\n\n
Quoting anonymous sources, Bloomberg also reported on Thursday that coupled with firing half of its staff members, Musk was also planning to reverse the company\u2019s existing work-from-anywhere policy.<\/p>\n\n\n\n
Musk had earlier fired major executives in the company, including former CEO, Parag Agrawal; the Chief Financial Officer, Ned Segal; Chief legal officer, Vijaya Gadde; and general counsel, Sean Edgett.<\/p>\n","protected":false},"excerpt":{"rendered":"