The company is going to cut its workforce by half, according to sources.
According to the report, the company will have about 3,800 workers to carry out its activities. The exact exit terms have not been confirmed, but it is believed that affected employees will be given 60 days of severance pay.
According to sources, Musk and his team created lay off lists for employees based on their contributions to the company.
It is thought that the move to cut the workforce is part of efforts to reduce the costs of running the company.
Just a few days ago, Musk closed the deal to acquire the social media company. The first thing he did as head of the company was to fire the CEO and CFO.
It is expected that Musk will end the work-from-anywhere policy that he introduced during the Pandemic. Employees will have to show up at the office for work, but there may be exceptions.
According to reports at the end of last month, Musk could dismiss as much as 75% of the workforce. Some employees shared an internal letter that said the plan to slash the workforce was reckless.
A threat of this magnitude is reckless, undermines our users' and customers' trust in our platform, and is a transparent act of worker intimidation.
The letter called on the new owner to keep the current levels of staff and to preserve the ability to work from home. Some members of staff can work from home forever if they wish, according to the social media site. It is not known how many employees wrote the letter.
It will be interesting to see how the remaining workers respond to the pleas in the letter.
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