As part of what is anticipated to be the first round of layoffs, Twitter, which was acquired by billionaire Elon Musk last week, plans to fire a quarter of its staff, according to a story in the Washington Post on Monday, citing a source familiar with the situation.
The negotiations about the job reduction were reportedly spearheaded by celebrity attorney Alex Spiro, a longtime Musk legal counsel.
According to a regulatory filing, Twitter had over 7,000 workers at the end of 2021, with roughly 2,000 people making up a quarter of the total.
Musk refuted a New York Times allegation that he had fired Twitter workers before November 1 in order to avoid having to pay out stock grants on that day.
A request for comment from reporters did not receive a response right away from Twitter.
According to sources, Musk sacked Twitter Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal, and Chief Legal Affairs and Policy Officer Vijaya Gadde on Thursday after a six-month, $44 billion buyout saga of the social media network was completed.
