Elon Musk About to Announce Layoffs at Twitter Ahead of Stock Grants

Elon Musk is about to throw down the guillotine at Twitter — with layoffs anticipated to be introduced quickly … this forward of an important date when staff are resulting from money in.

The NYT experiences that EM could begin eliminating folks as early as Saturday, with some departments resulting from get slimmed down greater than others … though it is unclear which of them are on the chopping block. It’s additionally unclear what number of employees, precisely, he is chopping unfastened.

What is reportedly taking place, nevertheless, is Musk tasking managers with creating lists of subordinates they might do with out — and he apparently needs ’em gone earlier than Tuesday.

The cause for that’s attention-grabbing … the Times says on Nov. 1, Twitter staff are apparently resulting from obtain inventory grants as a part of their compensation packages. No phrase on what these shares appear like or how usually they’re dished out, but it surely appears Elon needs to keep away from handing out any greater than he must by trimming the fats earlier than the deadline.

Remember, there have been experiences this month that Elon was aiming to cut back the Twitter workforce by as a lot as 75% … however there’s been conflicting accounts since, suggesting he was reconsidering. Twitter has about 7,500 full-time staff that span the globe.

While that is fairly critical information for the employees … Elon’s carrying on like common, with a whole lot of deadpan humor. He tweeted Saturday that free speech was again now that individuals may say carbs are literally good. EM additionally mentioned comedy is now authorized on Twitter once more — and he even poked enjoyable on the Twitter firing hoax final week that took some media retailers for a experience.

He clearly noticed the joke within the names ascribed to the pretend Twitter staff who pretended to be canned en masse. Now, although, it seems like some actual job loss is on the horizon.