Musk's Twitter Finalizing List Of 3,700 Employees To Be Laid Off This Week: Report

Twitter is finalizing a list of employees to be laid off after Tesla CEO Elon Musk acquired the social media platform, a new report revealed Wednesday. It was earlier reported that Musk was planning to cut up to 75% of the San Francisco-based company's total workforce.

About 3,700 employees have been chosen to be laid off as part of Musk's Twitter purge that could happen by the end of the week, two people with knowledge of the matter and an internal message viewed by Insider revealed. Furthermore, the list identified employees who can get severance pay after the massive layoff, as per the outlet.

The layoffs are expected to happen as early as midday Friday, the sources told Insider. The outlet asked a Twitter spokesperson for a comment on the report but has not received a response as of this writing.

Shortly after the social media site was officially acquired by Musk, Twitter vice presidents were asked to compile lists of people who could be removed from their positions, an earlier report by the outlet revealed.

If the layoffs take place, they would make up about 50% of the total workforce being cut off from the embattled company. As of September, the workforce headcount was at 7,500, according to Insider.

Several Twitter employees also told The Verge's Alex Heath that they saw a Slack discussion Wednesday that the company is planning to cut "roughly 3,800 employees."

Musk, along with former PayPal executive David Sacks, are on the list of a meeting with advisors to review the upcoming layoffs, according to details from a screenshot of a calendar event that Heath obtained.

Within days after he completed the deal to acquire the social networking platform, Musk dissolved the board of directors, a security filing revealed. Reports then emerged that the 51-year-old tech billionaire fired then-CEO Parag Agrawal and a few other executives.

Musk has yet to comment on the supposed massive layoffs plan, but since he took over, hundreds of employees have since left the company, according to a report by Punks & Pinstripes' Elizabeth Gafford and Greg Larkin.

As per LinkedIn data, 530 Twitter employees have left the company over the past three months, and 159 have moved to either Meta or Google, the report noted.

Shortly after Musk acquired Twitter last week, he was photographed at the headquarters' coffee bar, surrounded by employees.

It is unclear if Musk will actually cut 50% of Twitter's workforce, but he denied a New York Times report about firing people to avoid providing stock grants to workers as part of their compensation.