Elon Musk To Begin Massive Twitter Layoff Before November 1st
Elon Musk has reportedly ordered company-wide layoffs and some departments will be more affected than others.
According to The New York Times, the layoffs could occur before November 1, the same day when employees are supposed to get their stock grants, which “typically represent a significant portion” of their pay.
According to the report, the new Twitter boss may not have to pay these grants if he lays off employees before November 1.
Musk has told investors that he "would take Twitter private, reduce its workforce, roll back its content moderation rules, and find new revenue streams."