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Musk Lays Groundwork for Layoffs at Twitter, Asking Managers to Draw Up Lists

  • Managers asked to draw up lists of people who could be let go
  • Twitter’s new owner has denied plans to cut 75% of staff
Elon Musk
Elon Musk

Source: The Washington Post/Getty Images

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Elon Musk has begun laying the groundwork for a round of layoffs at Twitter Inc. days after taking ownership of the social media platform.

The billionaire entrepreneur, who completed his $44 billion acquisition Thursday, has asked managers to draw up lists of team members who could be let go, according to a person with knowledge of the matter. The person asked not to be identified discussing private conversations.