Stocks

Twitter Shuts Down Offices

The move pursues a week of anticipation regarding the company’s future under new owner Elon Musk.

The social media company told staff that it would notify them by 9 a.m. Pacific time on Friday (12 p.m. EDT/1600 GMT) regarding staff cuts.

Musk, the world’s wealthiest person, is looking to shorten around 3,700 Twitter staff, or almost half the workforce, as he aims to slash costs and set a demanding new work ethic, as stated by internal plans reviewed by Reuters this week.

Twitter Did Not Directly Reply to A Request for A Comment

Twitter employees vented their frustrations regarding the discharges on the social network, using the hashtag #OneTeam.

The company’s office in Piccadilly Circus, London, seemed deserted on Friday, with no workers.

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Inside, any evidence the social media colossus had once inhabited the building had been erased. Security staff expressed there were ongoing refurbishments, declining to comment further.

The company stated employees who were not influenced by the layoffs would be announced via their work email addresses. According to the memo, the laid-off staff would receive information on the following steps to their email addresses.

Moreover, some employees tweeted their tickets to the company’s IT system had been barred and feared whether that indicated they had been laid off.

Furthermore, its employees pointed out a class action lawsuit on Thursday versus Twitter. They argued the company was operating mass layoffs without supplying the required 60-day advance notice, breaking federal and California law.

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