{"id":22523,"date":"2022-11-03T13:41:08","date_gmt":"2022-11-03T13:41:08","guid":{"rendered":"https:\/\/forum.sbenny.com\/blog\/technology\/smartphones\/smartphone-news\/twitter-boss-elon-musk-will-lay-off-half-of-the-employees-as-a-cost-cutting-measure\/"},"modified":"2022-11-03T13:41:08","modified_gmt":"2022-11-03T13:41:08","slug":"twitter-boss-elon-musk-will-lay-off-half-of-the-employees-as-a-cost-cutting-measure","status":"publish","type":"post","link":"https:\/\/forum.sbenny.com\/blog\/technology\/smartphones\/smartphone-news\/twitter-boss-elon-musk-will-lay-off-half-of-the-employees-as-a-cost-cutting-measure\/","title":{"rendered":"Twitter boss Elon Musk will lay off half of the employees as a cost-cutting measure"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"review-body\">\n<p>New Twitter owner Elon Musk plans to lay off 50% of Twitter&#8217;s workforce, or approximately 3,700 people, <i>Bloomberg<\/i> affirmations.  The main reason for the layoffs is cost cutting and employees have yet to be informed.<\/p>\n<p>Additionally, the remaining people will be asked to work from the office full-time, which is a reversal of work-from-anywhere policy introduced in the early days of the COVID-19 pandemic.<\/p><div id=\"forum-79819454\" class=\"forum-content-2 forum-entity-placement\">\t\t<div class=\"ad-wrapper\" style=\"width:100%;min-height:250px;text-align:center\">\r\n\t\t\t<!-- In Article Blog -->\r\n\t\t\t<ins class=\"adsbygoogle\"\r\n\t\t\t\t style=\"display:block; text-align:center;\"\r\n\t\t\t\t data-ad-layout=\"in-article\"\r\n\t\t\t\t data-ad-format=\"fluid\"\r\n\t\t\t\t data-ad-client=\"ca-pub-3476569516614521\"\r\n\t\t\t\t data-ad-slot=\"9829044906\"><\/ins>\r\n\t\t\t<script>\r\n\t\t\t\t (adsbygoogle = window.adsbygoogle || []).push({});\r\n\t\t\t<\/script>\r\n\t\t<\/div><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"inline-image\" width=\"1200\" height=\"876\" src=\"https:\/\/forum.sbenny.com\/blog\/wp-content\/uploads\/2022\/11\/Twitter-boss-Elon-Musk-will-lay-off-half-of-the.jpg\" alt=\"Twitter boss Elon Musk will lay off half of the employees as a cost-cutting measure\"><\/p>\n<p>Executives and senior consultants have discussed with Elon Musk a number of scenarios for how layoffs should happen and one idea is that the dismissed workers receive 60 days of severance pay, sources said. <i>Bloomberg<\/i>.<\/p>\n<p> Elon Musk was forced to buy Twitter at a negotiated price in April, which was $ 54.20 per share, or about $ 44 billion.  The South African said he overpayed for the business and is looking for ways to bring in profit &#8211; Twitter often reports quarterly losses and has not returned profits in eight of the past decade.<\/p><div id=\"forum-995087474\" class=\"forum-content forum-entity-placement\">\t\t<div class=\"ad-wrapper\" style=\"width:100%;min-height:250px;text-align:center\">\r\n\t\t\t<!-- In Article Blog -->\r\n\t\t\t<ins class=\"adsbygoogle\"\r\n\t\t\t\t style=\"display:block; text-align:center;\"\r\n\t\t\t\t data-ad-layout=\"in-article\"\r\n\t\t\t\t data-ad-format=\"fluid\"\r\n\t\t\t\t data-ad-client=\"ca-pub-3476569516614521\"\r\n\t\t\t\t data-ad-slot=\"9829044906\"><\/ins>\r\n\t\t\t<script>\r\n\t\t\t\t (adsbygoogle = window.adsbygoogle || []).push({});\r\n\t\t\t<\/script>\r\n\t\t<\/div><\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>New Twitter owner Elon Musk plans to lay off 50% of Twitter&#8217;s workforce, or approximately 3,700 people, Bloomberg affirmations. The main reason for the layoffs is cost cutting and employees have yet to be informed. Additionally, the remaining people will be asked to work from the office full-time, which is a reversal of work-from-anywhere policy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22525,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[137],"tags":[178,359],"class_list":["post-22523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-smartphone-news","tag-android","tag-twitter","entry","has-media"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Twitter boss Elon Musk will lay off half of the employees as a cost-cutting measure - Sbenny\u2019s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/forum.sbenny.com\/blog\/technology\/smartphones\/smartphone-news\/twitter-boss-elon-musk-will-lay-off-half-of-the-employees-as-a-cost-cutting-measure\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Twitter boss Elon Musk will lay off half of the employees as a cost-cutting measure - Sbenny\u2019s Blog\" \/>\n<meta property=\"og:description\" content=\"New Twitter owner Elon Musk plans to lay off 50% of Twitter&#8217;s workforce, or approximately 3,700 people, Bloomberg affirmations. The main reason for the layoffs is cost cutting and employees have yet to be informed. 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