Elon Musk plans to cut half of Twitter jobs

Here comes another chapter in the Elon Musk and Twitter deal. According to reports by Bloomberg News, Elon Musk is planning to cut 3,700 jobs at Twitter Inc, or half of the company's workforce, in a bid to cut costs. Soon after the acquisition of Twitter, Elon Musk fired the top Twitter executives, including the company CEO and Chief Legal Officers. Now, the billionaire is planning to axe about 3,700 jobs, or half of the company's workforce, in an apparent bid to cut costs. The report mentioned that Musk will inform the affected staff on Friday. The report also mentioned that Musk may reverse the social media company's existing work-from-anywhere policy and require employees to work from the office. Musk, in a tweet, had denied a New York Times report that said he was planning to lay off Twitter employees before Nov. 1 to avoid stock grants due on the day. Musk plans to cut a quarter of Twitter's workforce as part of a first round of layoffs at his recently acquired company.