Elon Musk Bars Twitter Employees From Offices in Run up to Layoffs
The company is "temporarily" closing its offices and preventing any employees from entering, according to an email seen by Insider.
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The company is "temporarily" closing its offices and preventing any employees from entering, according to an email seen by Insider.
Twitter employees began losing access to work platforms soon after everyone in the company received an email explaining layoffs would begin the following day.
Amid a streak of disappointing financial results, inflation, and global turmoil, companies like Meta, Microsoft, and Google are looking to rein in runaway costs.
Musk and Twitter just closed on his $44 billion deal to take the platform private. The billionaire is already firing executives and doing technical reviews.
Experts say the deal is expected to close before the October 28 deadline. If not, Elon Musk faces an uphill battle in court.