Mark your calendar for Mediaweek, October 29-30 in New York City. We’ll unpack the biggest shifts shaping the future of media—from tv to retail media to tech—and how marketers can prep to stay ahead. Register with early-bird rates before sale ends!
Twitter employees reacted to a report late last week by Elizabeth Dwoskin, Faiz Siddiqui, Gerrit De Vynck and Jeremy B. Merrill in The Washington Post that Elon Musk shared plans with potential investors in his $44 billion deal to acquire the company to slash nearly three-quarters of its workforce.
The Delaware Court of Chancery set an Oct. 28 deadline for the transaction to be completed.
The Post reported that Musk told investors he would cut Twitter’s total employees from roughly 7,500 currently to a little over 2,000, as well as taking the cost-cutting ax to some of the social network’s infrastructure.
Billy Perrigo of Time reviewed a draft of an open letter circulating among employees at the company, in which concerns were expressed not only about the reported layoffs, but also about potential discrimination based on political leanings due to previous statements from Musk saying that Twitter’s workforce has a “strong left-wing bias.”
The...
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in