Latest News

Elon Musk Starts Cutting Jobs at Twitter

S&P 500

3,905.42

+98.12(+2.58%)

 

Dow 30

32,887.93

+854.65(+2.67%)

 

Nasdaq

11,115.83

+323.15(+2.99%)

 

Russell 2000

1,844.40

+38.07(+2.11%)

 

Crude Oil

88.10

-0.98(-1.10%)

 

Gold

1,648.30

-17.30(-1.04%)

 

Silver

19.20

-0.29(-1.48%)

 

EUR/USD

0.9966

-0.0001(-0.01%)

 

10-Yr Bond

4.0100

+0.0730(+1.85%)

 

GBP/USD

1.1616

+0.0051(+0.44%)

 

USD/JPY

147.4040

+1.1330(+0.77%)

 

BTC-USD

20,590.69

-57.80(-0.28%)

 

CMC Crypto 200

482.60

+10.23(+2.17%)

 

FTSE 100

7,047.67

-26.02(-0.37%)

 

Nikkei 225

27,105.20

-240.04(-0.88%)

 

Musk Starts Cutting Jobs at Twitter as Staff Seen Leaving With Boxes

(Bloomberg) — Elon Musk has started to cut employees at Twitter Inc.

Most Read from Bloomberg

Tesla Engineers Visit Twitter Office to Review Code for Musk

Musk Takes Twitter Helm, Enacts Sweeping Change as Deal Closes

Twitter CEO Among Top Executives Departing as Musk Takes Over

Mark Zuckerberg’s Wealth Wipeout Hits $100 Billion as Meta Misses Again

Fed Seen Aggressively Hiking to 5%, Triggering Global Recession

People who identified themselves as Twitter employees were seen leaving the company’s San Francisco headquarters carrying boxes of belongings. Internally, Slack channels lit up with suspicion that the departing people were enacting a hoax, and were not in fact laid off, people familiar with the matter said.

Still, Musk has been cutting — and started right after the deal closed Thursday with several executives, including the chief executive officer and chief financial officer, people familiar with the matter have said.

The company has scheduled an employee meeting for next Wednesday, but some staff did not receive invitations, according to one of the people familiar with the matter.

Twitter didn’t respond to a request for comment.

(Updates with internal suspicion in the second paragraph)

Most Read from Bloomberg Businessweek

Student Debt Headaches Return for Millions Despite Biden Relief

When Netflix and HBO Turned on Each Other, They Forged a New Era of Television

What the Alzheimer’s Drug Breakthrough Means for Other Diseases

The Fantasy of Instant Delivery Is Imploding

From Bedrooms to Kitchens, Europe Ponders How Cold Is Too Cold

©2022 Bloomberg L.P.

Advertisement

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News