Elon Musk About to Announce Layoffs at Twitter Ahead of Stock Grants

Elon Musk is about to throw down the guillotine at Twitter — with layoffs anticipated to be introduced quickly … this forward of an important date when staff are due to money in.

The NYT experiences that EM might begin getting rid of folks as early as Saturday, with some departments due to get slimmed down greater than others … though it is unclear which of them are on the chopping block. It’s additionally unclear what number of employees, precisely, he is reducing unfastened.

What is reportedly occurring, nonetheless, is Musk tasking managers with creating lists of subordinates they may do with out — and he apparently needs ’em gone earlier than Tuesday.

The cause for that’s fascinating … the Times says on Nov. 1, Twitter staff are apparently due to obtain inventory grants as half of their compensation packages. No phrase on what these shares appear to be or how usually they’re dished out, nevertheless it appears Elon needs to keep away from handing out any greater than he wants to by trimming the fats earlier than the deadline.

Remember, there have been experiences this month that Elon was aiming to scale back the Twitter workforce by as a lot as 75% … however there’s been conflicting accounts since, suggesting he was reconsidering. Twitter has about 7,500 full-time staff that span the globe.

While that is fairly severe information for the workers … Elon’s carrying on like ordinary, with lots of deadpan humor. He tweeted Saturday that free speech was again now that folks may say carbs are literally good. EM additionally stated comedy is now authorized on Twitter once more — and he even poked enjoyable at the Twitter firing hoax final week that took some media retailers for a journey.

He clearly noticed the joke within the names ascribed to the pretend Twitter staff who pretended to be canned en masse. Now, although, it appears like some actual job loss is on the horizon.