Elon Musk plans to eliminate half of Twitter jobs to cut costs

Musk and a team of advisers have been weighing a range of scenarios for job cuts and other policy changes at San Francisco-based Twitter, the people said, adding that the terms of the headcount reduction could still change. — AP

Elon Musk plans to eliminate about 3,700 jobs at Twitter Inc, or half of the social media company’s workforce, in a bid to drive down costs following his US$44bil (RM208.78bil) acquisition, according to people with knowledge of the matter.

Twitter’s new owner aims to inform affected staffers on Nov 4, said the people, who requested anonymity discussing non-public plans. Musk also intends to reverse the company’s existing work-from-anywhere policy, asking remaining employees to report to offices – though some exceptions could be made, the people said.