The new owner of the tech company is cutting jobs. Managers have been told to make a list of employees who will be laid off. According to the Times, the move could go into effect as soon as November 1. Musk told investors that he would fire 75 percent of the staff, but it's not clear how many will be laid off.
Last week, Musk started his new job as "Chief Twit" and immediately fired top executives including now-former CEO Parag Agrawal and CFO Ned Segal. The executives may not receive the multi-million dollar "golden parachute" severance package if they were fired for cause.
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Musk has said that he wants to make the company private, reduce content moderation, and overturn lifelong bans of accounts like Donald Trump's if he succeeds in his plan to make the company a "digital town square". Musk promised in a message to advertisers that there would not be a "free-for-all hellscape" where anything can be said without repercussions. Musk wants to create a council with diverse viewpoints.
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As a new era of Twitter begins, the world is watching to see how these changes will pan out and if the platform will become a warm and welcoming one.
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