Twitter, which was acquired last week by billionaire Elon Musk, is set to cut a quarter of its workforce as part of what is expected to be the first round of layoffs, The Washington Post reported on Monday.
Celebrity lawyer Alex Spiro, a long-time Musk legal representative, led the conversations about the job cuts, according to the report.
It is gathered that Twitter had over 7,000 employees at the end of 2021, according to a regulatory filing and a quarter of its workforce amounts to nearly 2,000 employees. This is unsurprising, as news got out that Elon Musk had told investors that he had planned to get rid of nearly 75% of Twitter's workforce not long before his acquisition.
Musk had denied the report about laying off Twitter employees at a date earlier than Nov. 1 to avoid stock grants due on the day.
The report also noted that the first round of layoffs is expected to impact almost every department specifically sales, product, engineering, legal, and trust and safety in the coming days.
This is coming just days after the billionaire fired Twitter's CEO, Parag Agrawal and other top executives.