Nearly 50-60% of the staff have been let go, say sources; there is no information yet about the severance pay, if any, that would be given to them
Nearly 50-60% of the staff have been let go, say sources; there is no information yet about the severance pay, if any, that would be given to them
Twitter India team has been “significantly” impacted by the global layoffs at the social networking platform with the majority of the about 250-member team being fired, a week after Elon Musk acquired the company for USD 44 billion, according to sources.
The layoffs have impacted all business verticals in India, including marketing, communication and partnerships. While the exact number is not known, at least 50-60% of the staff have been let go. as per the source. The employees who have been retained are mainly in the sales operations.
As per internal plans reviewed by Reuters, Mr. Musk, the world’s richest person, is looking to cut around 3,700 Twitter staff, or about half the workforce, as he seeks to slash costs and impose a demanding new work ethic. Reuters added that Twitter Inc temporarily closed its offices and cut workers’ access to internal systems on Friday after telling employees they would be informed by email about whether they were being laid off.
A source in India said that while layoffs were expected, there is chaos given the lack of proper communication and the scale at which the layoffs have happened. The Hindu could not ascertain details about severance pay, if any, that would be given to the laid-off employees.
Following the takeover by Mr. Musk, several top executives at Twitter, including CEO Parag Agrawal and policy head Vijaya Gadde, were let go immediately.
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As per the latest data available, India is the third-largest market for Twitter globally with 23.6 million users, behind only the US and Japan.