Departing Twitter employees say layoffs have started out as Elon Musk will take about

Departing Twitter employees say layoffs have started out as Elon Musk will take about


Twitter headquarters in San Francisco.

Adam Jeffery | CNBC

On Elon Musk’s initially working day in command of Twitter, the company has begun laying off staff members, including details engineers, self-discovered former workers explained to CNBC.

A man or woman who walked out of Twitter’s San Francisco headquarters and identified them selves as a Twitter data engineer reported they had been just laid off by their director in-human being. CNBC was not equipped to immediately  confirm the identification of the folks who still left Twitter’s headquarters and spoke with reporters.

One worker at Twitter, awaiting info about layoffs or tasks, advised CNBC they were being in the dim for the most portion. Musk was conference with rather small rating engineering administrators, this individual pointed out —a welcome gesture to some. Push reviews before the deal shut said that Musk had planned cuts as deep as 75% of headcount.

Twitter did not right away reply to a ask for for remark about layoffs.

Musk eventually took above the enterprise on Thursday, ending a months-long legal saga. The billionaire Tesla and SpaceX CEO originally agreed to acquire the firm for $44 billion, but soon following tried out to get out of the deal due to the fact he claimed Twitter was not forthcoming more than enough about spam accounts on the system. Twitter has denied that and went to court docket to check out to get Musk to complete the offer.

Prior to the initial demo day before this thirty day period, Musk agreed at the time once more to near the offer. The judge gave Musk till Friday at 5 p.m. to near the offer, or else established a new demo day.

On Thursday, many leading executives departed the organization, which include CEO Parag Agrawal and CFO Ned Segal, CNBC’s David Faber described. Twitter’s head of legal coverage, have faith in and security Vijaya Gadde was also fired.

This is breaking information. Make sure you check back again for updates.

-CNBC’s Lora Kolodny contributed to this report.



Resource

Another UK interest rate cut this year looks increasingly unlikely
World

Another UK interest rate cut this year looks increasingly unlikely

A Union flag flutters from a pole atop the Bank of England, in the City of London on August 7, 2025. Niklas Halle’n | Afp | Getty Images Traders see a growing likelihood the Bank of England will keep interest rates on hold for the rest of the year, after inflation came in at a […]

Read More
Hertz to sell used vehicles online through Amazon Autos partnership
World

Hertz to sell used vehicles online through Amazon Autos partnership

Hertz sells hundreds of thousands of vehicles per year, in addition to running its signature car rental business. Courtesy of Hertz Hertz on Wednesday announced it will start selling pre-owned vehicles on Amazon Autos, a move meant to bolster the car rental company’s retail operations as it looks to bring in more profits. Shares of […]

Read More
Shein’s China pivot is a last-ditch bid to rescue its IPO, analysts say
World

Shein’s China pivot is a last-ditch bid to rescue its IPO, analysts say

Key Points Analysts suggest Shein’s reported shift of its headquarters back to China could mark a final effort by the retailer to keep its embattled IPO on track. “After years of trying to position itself as a global brand rather than a Chinese fashion company, it’s back to square one,” Perris Lee told CNBC. The […]

Read More