Washington-Sana
The Washington Post reported that Twitter, which was acquired by billionaire Elon Musk last week, intends to lay off a quarter of its employees as part of the first round of layoffs at the company.
The newspaper quoted an informed source as saying: “The company’s decision targets nearly a quarter of the employees, numbering more than seven thousand employees,” pointing out that “the layoffs will harm almost all departments, and are expected to affect in particular sales and products.”
Attorney Alex Spiro, a longtime legal representative for Elon Musk, has led discussions of job cuts, the newspaper reported.
Musk fired Twitter CEO Parag Agrawal, chief financial officer Ned Segal, and chief legal and policy officer Vijaya Jade, after the $44 billion purchase of the social media platform was completed last Thursday.
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