Twitter, which was acquired last week by billionaire Elon Musk, plans to terminate jobs of a quarter of its workforce as part of the first round of layoffs, the Washington Post report said.
Twitter had over 7,000 employees at the end of 2021, according to a regulatory filing and a quarter of the headcount amounts to nearly 2,000 employees.
Elon Musk denied a New York Times report about laying off Twitter employees at a date earlier than Nov. 1 to avoid stock grants due on the day.
Elon Musk fired Twitter CEO Parag Agrawal, CFO Ned Segal and Legal Affairs and Policy Chief Vijaya Gadde after completing the $44 billion deal for the social media platform on Thursday, Reuters news report said.
