Wishy-Washy Musk To Halve Twitter's Workforce

Natasha Lomas of TechCrunch has reported that Twitter’s new owner Elon Musk will slash 50% of employees to cut costs and the unlucky workers will be told to go home starting Nov. 4, 2022.

Photo Insert: The social media firm has around 7,500 employees in total globally -- so halving the headcount would mean cutting around 3,750 jobs.

The report is consistent with an article by Bloomberg, which said Musk will also reverse Twitter's current “work from anywhere” policy -- and intends to require staff to work from offices, with the possibility that some exceptions could be made.

The social media firm has around 7,500 employees in total globally -- so halving the headcount would mean cutting around 3,750 jobs.

Issuing a blanket mandate to return to office working could be a strategy for Musk to accelerate the staff purge by encouraging employees to leave voluntarily if they don't like the change of terms.

A number of staff already left Twitter prior to the Musk takeover, electing to leave pre-emptively rather than stay for the inevitable drama or workplace hell, Lomas argued.

Musk has not yet made it clear how he will reshape the company -- but he is under pressure to shrink costs given the amount of debt he's had to take on by taking over Twitter.

In recent days, he has also been lashing out at Twitter's core customers—advertisers-- following reports that some are going cold on the platform over brand safety concerns attached to his particular brand of “free speech” -- a self-defeating dynamic that looks set to increase Musk's financial bind.

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