- Twitter is planning to reduce about half its workforce in the wake of Elon Musk’s $44 billion acquisition.
- According to Axios, it plans to send staff back to work on a full-time basis following layoffs.
- Social media company was the first to offer employees the ability to work remotely indefinitely.
Twitter’s remote working policy could soon be ended due to an impending layoff Axios reported on Thursday.
The social media giant plans to cut about 3,700 employees soon after Elon Musk’s $44 billion acquisition of the platform, Insider’s Kali HaysThis report was published on Thursday. About half of Twitter’s workforce was affected by this report as of September.
Axios, citing sources within the company, reported that Twitter will order its remaining employees to return full-time to the office after the cuts. According to the media outlet employees who must relocate to be near a Tweet office will have only 60 days to do it.
This is a significant move, since Twitter was among the first companies to offer employees the ability to work remotely permanently.
Jack Dorsey was the CEO of TwitterIn a May 2020 email, the subject line was sent to staff “#lovewhereyouwork,”They would be allowed work from home indefinitely after the COVID-19 lockdowns have ended.
New Twitter boss MuskRemote work is not something he enjoys. In May, he issued an ultimatum to executive staff at Tesla — where he is the CEO — telling them to return to the office, or quit.
Musk has been moving rapidly to implement changes at Twitter since finalizing his deal — which he said he was “obviously overpaying” for. He is finding. Social media platforms offer many revenue-generating opportunitiesSuch as Users may be charged for verificationAnd has All board members were fired top execsParag Agrawal was the former CEO.
Twitter did not respond immediately to Insider’s request of comment that was sent outside regular business hours.
