Elon Musk began laying off Twitter employees he recently took over on Friday. Nearly 4,000 jobs could be lost. People, i.e. half of the company’s employees. Some of those fired are going to file a class action lawsuit against the billionaire.
It is not known how many have already been released. As of Friday, the California Department of Employment Development had not been notified of the layoff plans and the number of people who would lose their jobs, although it is a legal requirement for any company with more than 100 employees, the Associated Press reports.
Musk plans to lay off about 3,700 Twitter employees, according to Reuters. Employees and company offices are temporarily closed.
Some of those who were laid off lost access to their work Twitter accounts even before they were notified that they had lost their jobs, Politico reports.
The person who lost his job told the portal that Musk has already hired “some Tesla engineers, some investors and his colleagues” to replace the fired workers. He emphasized that Musk had announced job cuts, explaining that it was necessary to “cut costs.”
However, Politico reports that other tech companies are already signaling their willingness to hire ex-Twitter employees. “If you work at Twitter and you’re out of work today, please reach out. I’m sure we’ve got the perfect position for you,” Amazon representative Jun Gonzalez wrote on Twitter.
Three of Musk’s top executives had already been fired when they took over in late October. Barack Agarwal’s CEO, CFO Ned Segal and Vijaya Gade, head of legal policy, trust and security, lost their jobs; Additionally, Sean Edgett, the site’s general counsel, was fired.
The AP reports that major companies such as General Motors, General Mills and Audi have stopped running their ads on Twitter, pending more information on how the company will operate after the Musk takeover.
Volkswagen Group said on Friday it has ordered brands Skoda, Seat, Cupra, Audi, Lamborghini, Bentley, Porsche and Ducati to pull out of paid Twitter advertising for the time being. Advertisers fear that Twitter content review may not be as strict on hate speech, fake news and similar posts as it once was. The AP explains that companies don’t want their brands to “lose their reputation” by appearing on Twitter.
Meanwhile, Musk tweeted on Friday that the website had experienced a “huge drop in revenue” due to the activities of “activists”. He did not explain who he was referring to or how much Twitter was affected.
Prior to his takeover of Twitter, Musk repeatedly told potential investors and partners that he wanted to heal the company financially, slashing nearly 75 percent. its employees.
In April, the billionaire tried to buy Twitter for $44 billion. However, in May, he backed out of the offer, arguing that Twitter did not want to provide him with information on how many user accounts were fake. In early October, the billionaire changed his mind again and said he was ready to buy Twitter for the $44 billion he originally agreed with the service.
“Twitter’s irretrievable researcher. An amateur social media lawyer. Award-winning music expert. Became an addict. Easily lethargic.”