Elon Musk reportedly ordered company-wide layoffs at Twitter

Elon Musk ordered company-wide layoffs at Twitter on Saturday, in response to a report from The New York Instances. It’s unclear what number of staff will likely be affected by the purported job cuts, however sources inform the NYT that some departments will likely be affected greater than others.

The layoffs might happen earlier than November 1st — the identical day when workers are presupposed to obtain their inventory grants, which “sometimes signify a good portion” of their pay. Based on the NYT, Musk might not should pay these grants if he lays off workers earlier than this date. Twitter didn’t instantly reply to The Verge’s request for remark.