Twitter is not planning any massive downsizing

Twitter is not planning any massive downsizing

Twitter said Wednesday it has no plans for any company-wide layoffs, although it doesn’t rule out the possibility of further restructuring at the company.

    Image source: Pixabay

Image source: Pixabay

The filing comes a day after Twitter sued Tesla CEO Elon Musk for withdrawing from a previously announced $44 billion deal to buy the company. Twitter at an agreed price of $54.20 per share.

Twitter also said Wednesday that it had submitted a formal request to Musk for approval of two specialized retention programs, but it has yet to give its approval.

Reuters writes that Twitter employees are raising concerns that Musk could run the company due to possible staff cuts and other costs, as well as minimizing content moderation and the billionaire’s negative attitude towards working from home.

In May, Twitter announced the hiring suspension and the intention to review all existing job openings with a view to withdrawing some.


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Robbie Elmers

Robbie Elmers is a staff writer for Tech News Space, covering software, applications and services.

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