According to art internal memo sent to Twitter employees, new management under Elon Musk will begin making layoffs Friday morning. Rumors of these layoffs predate the Musk takeover, with the latest report estimating that half of 7,500 employees will lose their jobs.
On Thursday evening, all employees received an email stating that they would be informed of their work status at 9am PT on Friday. Each email will be sent with the subject “Your role on Twitter”. If an employee keeps their job, they will be notified via their work email — if they are released, they will be notified at a personal address.
“To ensure the safety of every employee, as well as Twitter’s systems and customer data, our offices will be temporarily closed and all access to badges will be suspended,” the email reads. “If you are in the office or on your way to the office, please go home.”
The email was impersonally signed with “Twitter”.
According to a post from a Twitter employee Staff members are flooding an internal Slack channel with blue heart emojis as they wait to learn their fate tomorrow. (Update: The tweet has since been deleted.)
Musk’s team has already tried to gauge the productivity of Twitter employees by asking engineers to do so print the code that they have written in the last 30 to 60 days. Musk also brought it Tesla engineers to view the Twitter code.
However, it is not clear which divisions of the company will be affected. At Tesla, Musk abandoned the entire PR team a few years ago – on that notion, it’s likely he’ll get rid of Twitter’s PR team.
Musk’s deal to buy Twitter included getting the company to take on $13 billion in debt from banks, which means that Twitter will owe approx $1 billion a year in interest payments.
According to a report from Platformer, the Twitter Revue newsletter service will be shut down by the end of the year. It was a review acquired from Twitter in January 2021 for an undisclosed sum. The report also says that Notes, a long-form posting feature, is on hold, as is Twitter’s plan to build crypto wallets.
When Musk first took over last week, he immediately fired four key executives: CEO Parag Agrawal, CFO Ned Segal, General Counsel Sean Edgett, and Head of Legal Policy, Trust and Safety Vijaya Gade. Twitter Chief User Officer Sarah Personett and Head of People and Diversity Dalana Brand resigned the next day.
This story unfolds…