Twitter to lay off 25 per cent of workforce in first round of job cuts: Washington Post

TWITTER, which was acquired last week by billionaire Elon Musk, plans to let go of a quarter of its workforce as part of what is expected to be a first round of layoffs, the Washington Post reported on Monday (Oct 31), citing a person familiar with the matter.

Celebrity lawyer Alex Spiro, a long-time Musk legal representative, led the conversations about the job cuts, according to the report.

Twitter had over 7,000 employees at the end of 2021, according to a regulatory filing and a quarter of the headcount amounts to nearly 2,000 employees.

Musk denied a New York Times report about laying off Twitter employees at a date earlier than Nov 1 to avoid stock grants due on the day.

Twitter did not immediately respond to a Reuters request for comment.

Musk fired Twitter chief executive Parag Agrawal, finance chief Ned Segal and legal affairs and policy chief Vijaya Gadde on completion of a six-month US$44 billion buyout saga of the social media platform on Thursday, sources told Reuters. REUTERS