Twitter lays off over 100 employees from its HR team ahead of Elon Musk’s takeover

Mangalore Today News Network

New Delhi, July 08, 2022: Twitter has finally started cutting down its workforce. Ever since Elon Musk announced the Twitter acquisition, the future of Twitter employees is in jeopardy. As per new reports, the micro-blogging site has cut 30 per cent of its talent acquisition team, which primarily includes recruiters and people responsible for bringing new hires on board. Twitter has confirmed laying off 100 employees.

 

The Wall Street Journal has reported that Twitter has parted ways with people from its talent acquisition team. Close to 100 people have lost their jobs in the company. The layoff took place weeks after Musk said that Twitter needs to get healthy, hinting at possible layoffs. Twitter had previously announced a hiring freeze to cut costs as the company struggles to finalise its acquisition by Musk.

Musk’s Twitter acquisition is yet to come through as the Tesla CEO had threatened to pull out of the deal multiple times over bot issues on the platform. In a separate report, WSJ confirmed that the deal was in “serious jeopardy,” and that “it was likely a change in direction from Musk’s team would come soon.”

Musk had his first meeting with the Twitter employees in June, during which he said that the company “needs to get healthy” financially and also bring the cost down. “Right now costs exceed revenue,” Musk told employees when asked about the possibility of layoffs during an internal Q&A, as reported by The Verge. Employees who heard the remarks told the publication. “That’s not a great situation," Musk added. When employees further quizzed him about possible layoffs in the future, he said “It depends. The company does need to get healthy", as reported by CNBC.

Ingrid Johnson, who works as Senior Technical Recruiter at Twitter, revealed on LinkedIn that the latest round of layoffs in Twitter has impacted people who served the company for many years. “Twitter layoffs started today. There are people losing their jobs that have been there over a decade. This is a really tough day. In addition, there is a current blackout on selling any Vested Stock. It began on May 31st,” she wrote.

Courtesy: India Today