Elon Musk has drawn up plans to fire as much as half of Twitter’s 7,500-strong workforce, according to people familiar with the matter, in a major cost-cutting overhaul that could come by the end of the week.
The billionaire is looking to cut around 3,700 jobs at Twitter after his $44bn buyout of the social media company, two people said, although the exact figure could change. He also aims to mandate in-office work from Monday, reversing Twitter’s current policy, which allows staffers to work from anywhere, one of the people said.