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Twitter In Round 1 Of Job Cuts, Plans To Fire 25% Of Workforce: Report

As part of what is anticipated to be a first round of layoffs, Twitter, which was acquired by billionaire Elon Musk last week, plans to fire a quarter of its staff, says a story in the Washington Post on Monday, citing a source familiar with the situation.


The negotiations about the job reduction were reportedly spearheaded by celebrity attorney Alex Spiro, a longtime Musk legal counsel.


According to a regulatory filing, Twitter had over 7,000 workers at the end of 2021, with roughly 2,000 people making up a quarter of the total.


Musk refuted a New York Times allegation that he had fired Twitter workers before November 1 in order to avoid having to pay out stock grants on that day.


A request for comment from Reuters did not receive a response right away from Twitter.


Musk sacked Twitter Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal, and Chief Legal Affairs and Policy Officer Vijaya Gadde on Thursday after a six-month, $44 billion buyout saga of the social media network was completed.


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