Tesla, Space X, and now Twitter CEO Elon Musk is expected to announce new changes to the Twitter workforce by Friday, November 4.
The changes will include shelving half of the company’s employees to reduce operational costs.
Musk’s to abolish working from home
According to Bloomberg, musk will reverse the work plan requiring remote employees to report to the office.
The world’s richest man, Elon Musk acquired Twitter for a whopping KSh 5.1 trillion deal in October 2022.
Musk took control of the giant social media site, instituting changes to its management and terms of service.
He directed Twitter employees to change the Twitter Blue checkmark verification by November 2022 to a pay-plan system.
Musk’s plan to reduce costs of Twitter operations
Musk is waiting for directions from his advisors, which can see the workers given 60 days’ worth of severance pay.
The tech billionaire claimed the Twitter deal cost him a lot of money and he is finding new ways to generate revenue.
Musk took over the company with a net income of around $1.3 billion (KSh 158.01 billion), which is in the red zone, according to CNBC.
Twitter’s revenue amounted to about $25 billion (3.03 trillion) for the period between 2010 and 2021.
Twitter employee sleep in the office
On Wednesday, November 2, a photo of the Twitter manager sleeping on the office floor emerged, stirring debate online.
The photo shared by Twitter’s director of product management Esther Crawford showed the worker wrapped in a duvet-like-sleeping bag in between a table and chairs.
The technicians were given until November 7 to ensure that the new plan is in place and subscribers can start rolling in.