Elon Musk About to Announce Layoffs at Twitter Forward of Inventory Grants

Elon Musk is about to throw down the guillotine at Twitter — with layoffs anticipated to be introduced quickly … this forward of a vital date when workers are as a result of money in.

The NYT stories that EM might begin eliminating folks as early as Saturday, with some departments as a result of get slimmed down greater than others … though it is unclear which of them are on the chopping block. It is also unclear what number of employees, precisely, he is reducing unfastened.

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

The explanation for that’s attention-grabbing … the Occasions says on Nov. 1, Twitter workers are apparently as a result of obtain inventory grants as a part of their compensation packages. No phrase on what these shares appear to be or how usually they’re dished out, however it appears Elon needs to keep away from handing out any greater than he must by trimming the fats earlier than the deadline.

Bear in mind, there have been stories 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 workers that span the globe.

Whereas that is fairly critical information for the employees … Elon’s carrying on like regular, with a whole lot of deadpan humor. He tweeted Saturday that free speech was again now that individuals may say carbs are literally good. EM additionally mentioned comedy is now authorized on Twitter once more — and he even poked enjoyable on the Twitter firing hoax final week that took some media retailers for a trip.

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