Twitter General Counsel Sean Edgett emailed employees on
Thursday saying the company does not plan layoffs, according to a source who
viewed the email.
The Washington Post reported earlier on Thursday that Elon
Musk told prospective investors in his deal to buy Twitter that he planned to
get rid of nearly 75 percent of the company's 7,500 workers, citing interviews
and documents.
The job cuts are expected in the coming months, no matter
who owns the company, according to the Washington Post report.
Twitter's current management planned to pare the company's
payroll by about $800 million by the end of next
year, a number that would mean the departure of nearly a quarter of the
workforce, the report said.
Twitter did not immediately respond to a Reuters request for
comment.
Human resources staff at the social media company have told
employees that they were not planning for mass layoffs, but documents showed
extensive plans to push out staff and cut down on infrastructure costs were
already in place before Musk offered to buy the company, the Washington Post
reported.
Musk had tried to walk away from the deal to buy Twitter in
May alleging the company understated the number of bot and spam accounts on the
social media platform, which started a series of lawsuits between the two
parties.
Earlier this month, Musk reversed course and said he will
proceed with the deal on original terms.
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