NEW YORK (AP) — Employees prepared for mass layoffs at Twitter on Friday as new owner Elon Musk overhauled the social platform.
In a letter to employees obtained by multiple media outlets, the company said employees will know by 9 a.m. PT if they have been laid off. The email did not say how many people would lose their jobs.
Some employees tweeted early Friday that they had already lost access to their work accounts. An email to staff said the job cuts were “necessary to ensure the company’s success moving forward.”
About 7,500 Twitter employees are expected to be laid off since Musk took over the helm of the company. Already, the billionaire Tesla CEO has fired top executives, including CEO Parag Agarwal, on his first day as Twitter owner.
He also removed the board of directors of the company and made himself the sole member of the board. On Thursday night, many Twitter employees took to Twitter to show their support for each other — often tweeting blue heart emojis to signify Twitter’s blue bird logo — and replying to each other with emojis. Greetings.
As of Thursday, Musk and Twitter had not given any public notice of the impending layoffs. This is even though the Worker Adjustment and Retraining Notification Act requires employers with at least 100 workers to disclose layoffs of 500 or more employees, regardless of whether a company is publicly traded or privately held. as
Barry C. White, a spokesman for the California Department of Employment Development, said Thursday that the agency had not received any such reports from Twitter.
A class-action lawsuit was filed Thursday in federal court in San Francisco by an employee who was fired and three others whose work accounts were closed. It alleges that Twitter plans to lay off more employees and violated the law by not providing the required notice.
The layoffs come at a difficult time for social media companies, as advertisers push back and new entrants — especially TikTok — threaten the legacy of social media platforms like Twitter and Facebook.
Meta Platforms Inc., Facebook’s parent company, recently posted its second quarterly revenue decline in history and its shares are trading at their lowest level since 2015. Meta’s disappointing results followed weak earnings reports from Google parent Alphabet and even Microsoft.