Elon Musk Initiates Massive Twitter Layoffs Following $44 Billion Takeover
Elon Musk slashes Twitter's workforce just days after completing his $44 billion acquisition of the social media platform. The sudden dismissals prompt a class action lawsuit over alleged failure to provide required advance notice.
Elon Musk begins laying off a large portion of Twitter's staff just days after finalizing his $44 billion purchase of the social media company. Twitter notifies employees in an email that the company reduces its global workforce to place the platform on a healthy path forward. This marks the first major operational move by Musk since he officially takes control.
The company states that affected employees receive notifications through their personal email accounts, while remaining staff learn of their continued employment via their work accounts. One Twitter employee describes the situation as total chaos, noting that Thursday's email serves as the first official communication from leadership since the acquisition closes on October 27.
These sudden layoffs immediately trigger a class action lawsuit against Twitter for allegedly failing to provide the legally required 60-day warning for mass dismissals. Prior to this widespread reduction of the 7,500-person payroll, Musk already dismisses the company's CEO, chief financial officer, and head of legal policy upon assuming ownership.