Elon Musk ordered company-wide layoffs at Twitter on Saturday, according to a report by The New York Times. It’s unclear how many workers will be affected by the alleged job cuts, but sources tell the NYT that some departments are more affected than others.
The layoffs could come before Nov. 1 — the same day workers are expected to receive their stock grants, which “usually represent a significant portion” of their pay. According to the NYTMusk may not have to pay these subsidies if he lays off employees before this date. Twitter didn’t respond right away The edge‘s request for comment.