Micro-blogging platform Twitter has reportedly laid-off 100 employees from its talent acquisition team amid the $44 billion takeover by Elon Musk. The company said that 30% employees from its talent acquisition team were let go, as per a report by The Wall Street Journal.
The layoff occurred just weeks after Musk stated that Twitter needed to get healthy, implying possible layoffs. Twitter had previously declared a hiring freeze in order to minimise costs as the as it attempts to finalise its acquisition by Musk. The status of the deal is uncertain as Musk has threatened to pull out of the agreement, citing concerns about the number of bots on the platform.
In a separate report on Thursday, The Washington Post reported that the deal was in “serious jeopardy,” and that “a change in direction from Musk’s team was expected to come shortly.”
Ingrid Johnson, Senior Technical Recruiter at Twitter, stated on LinkedIn that the new round of layoffs has affected those who have worked for the firm for many years. “Twitter layoffs began today. People who have worked for the company for over a decade are being laid off. This is a really difficult day,” she wrote.
In May, Twitter CEO Parag Agarwal fired consumer product leader Kayvon Beykpour and head of revenue product Bruce Falck, stating there is a hiring freeze now and Twitter will also pause spending in most areas.
Twitter isn’t the only tech company in the Silicon Valley to recently lay off employees. Meta (Facebook) recently said that it would slow its hiring as it faces “serious times.” Other firms including, Netflix, Unity, Coinbase and Paypal have all recently cut jobs as well.