Employees at the platform were told an email Thursday evening that the company will be see mass layoffs on Friday as the billionaire looks to cut down on costs and try to recoup on his $44 billion investment.
In the unsigned email, viewed by The Hollywood Reporter, the company wrote that “in an effort to place Twitter on a healthy path, we will go through the difficult process of of reducing our global workforce on Friday,” adding that “we recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company’s success moving forward.”
The email adds that all employees will be notified via an email to either personal accounts (if they are being let go) or their work accounts (if they will still have a job) by 9 AM PT Friday. All of Twitter’s offices will be closed, and badge access turned off “to help ensure the safety of each employee as well as well as Twitter systems and customer data.”
More to come.