# Elon Musk plans to cut half of Twitter jobs – Bloomberg News
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-11-03
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Elon Musk Plans to Cut 3,700 Jobs at Twitter: Bloomberg News
Meta Description: Elon Musk plans to slash 3,700 jobs at Twitter, reversing remote work policy. New owner to inform staff affected on Friday. Musk denies early layoffs to avoid
URL: https://financedigest.com/elon-musk-plans-to-cut-half-of-twitter-jobs-bloomberg-newshtml

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(Reuters) – Elon Musk plans to cut about 3,700 jobs at Twitter Inc or half of the company’s workforce in a bid to cut costs, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Twitter’s new owner will inform the staff affected on Friday, according to the report.

Bloomberg also reported that Musk intends to reverse the social media company’s existing work from anywhere policy and will require employees to work from office though some exceptions could be made.

Musk, in a tweet, had [denied a New York Times report that said he was planning to lay off Twitter](https://www.financedigest.com/loreal-denies-report-saying-it-suspended-twitter-ad-spending.html "L’Oréal denies report saying it suspended Twitter ad spending") employees before Nov. 1 to avoid [stock grants due on the day](https://www.financedigest.com/basic-material-luxury-stocks-drive-european-shares-to-a-third-day-of-losses.html "Basic material, luxury stocks drive European shares to a third day of losses").

Twitter did not immediately respond to a Reuters request for comment.

Reuters had reported earlier this week, [citing sources that Musk](https://www.financedigest.com/elon-musk-and-others-urge-ai-pause-citing-risks-to-society.html "Elon Musk and others urge AI pause, citing ‘risks to society’") plans to cut a quarter of Twitter’s workforce as part of a first round of layoffs at his recently acquired company.

(Reporting by Sneha Bhowmik in Bengaluru; Editing by Rashmi Aich)


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