Twitter to begin layoffs Friday, days after Elon Musk's $44 billion takeover – CNBC

Anadolu Agency | Anadolu Agency | Getty ImagesTwitter will be laying off staff Friday, the social media giant said in an email obtained by NBC News.In the email, sent Thursday evening, Twitter said it would be notifying staff by email starting Friday morning about their employment.”We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company’s success moving forward,” the email said.The cuts come after numerous reports that Musk had planned to slash the company’s 7,500-person payroll after he finalized his $44 billion acquisition of Twitter late last week. He immediately dismissed CEO Parag Agrawal, as well as Twitter’s CFO and its head of trust policy upon taking over the company.Worries about layoffs began to emerge in the days before the buyout transaction was complete, but Twitter’s general counsel urged employees not to dwell on rumors before Musk officially took ownership of the company.Meanwhile, Musk has sought to reassure advertisers, saying in a post to Twitter that the platform would not become a “free-for-all hellscape.” Musk also told the European Union that he planned to comply with the region’s Digital Services Act, which levies penalties on companies if they do…
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