Elon Musk has drawn up plans to fire as much as half of Twitter’s 7,500-strong workforce, according to people familiar with the matter, in a major cost-cutting overhaul that could come by the end of the week.
The billionaire is looking to cut around 3,700 jobs at Twitter after his $44bn buyout of the social media company, two people said, although the exact figure could change. He also aims to mandate in-office work from Monday, reversing Twitter’s current policy, which allows staffers to work from anywhere, one of the people said.
The job losses are expected to take place on Friday, if not sooner, another person said. News of the plans was first reported by Bloomberg.
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