The social media company told TechCrunch that there had been layoffs, but it would not disclose the number of people who had been let go or the specifics of their severance packages.
According to The Independent, Twitter terminated the workers’ access to online resources during their redundancy meeting.
The action is being taken as other technology companies halt hiring initiatives. Mark Zuckerberg, the CEO of Meta, recently warned employees to prepare for higher turnover rates.
According to Mr. Zuckerberg, “there are probably a lot of people at the company who shouldn’t be here.”
“I think some of you might decide that this place isn’t for you, and that self-selection is OK with me,” the speaker hoped, “so that’s part of my hope by raising expectations and having more aggressive goals, and just kind of turning up the heat a little bit.”
Other senior employees at Twitter themselves have also been abruptly let go. The business’s former heads of Consumer Product and Revenue, Kayvon Beykpour and Bruce Falck, were let go in May.
CEO Parag Agrawal stated that changes were taking place at Twitter, some of which were under their control and some of which were not. He continued by saying that while these changes would be challenging, they were necessary for the company and that having the right leadership at this time was crucial.
The action is being taken in advance of billionaire Elon Musk’s $44 billion acquisition of the business. In three to six months, once the deal is finalized, it is anticipated that Mr. Musk will take over as CEO of Twitter. It’s likely that Mr. Agrawal will also be fired from his job at Twitter.
Mr. Musk implied more job losses when he said that Twitter “does need to get healthy.” “At the moment, costs outweigh income.”
Anyone who contributes signification, however, need not worry, he assured the staff.
A report claimed that Mr. Musk had stopped “engaging in certain discussions” about the deal because he was unable to confirm the company’s bot numbers, putting Mr. Musk’s deal in jeopardy.
