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Musk Plans to Eliminate Half of Twitter Jobs to Cut Costs

  • Twitter’s new owner aims to reduce workforce starting Friday
  • Remaining employees will be asked to return to office
Bloomberg business news
WATCH: Elon Musk plans to cut half of the Twitter’s workforce and aims to start selling blue verification badges for user profiles as soon as next week.Source: Bloomberg
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Elon Musk plans to eliminate about 3,700 jobs at Twitter Inc., or half of the social media company’s workforce, in a bid to drive down costs following his $44 billion acquisition, according to people with knowledge of the matter.

Twitter’s new owner aims to inform affected staffers Friday, said the people, who requested anonymity discussing non-public plans. Musk also intends to reverse the company’s existing work-from-anywhere policy, asking remaining employees to report to offices -- though some exceptions could be made, the people said.