It comes after the new CEO of Twitter allegedly gave the engineers of the social media company a deadline of less than two weeks to redesign Twitter’s authentication system or risk being fired.
The first round of layoffs will impact almost every department, and are expected to specifically impact sales, product, engineering, legal, and trust and safety in the coming days, the Post’s source claimed.
Musk denied a New York Times report about laying off Twitter employees at a date earlier than November 1 which is tomorrow to avoid stock grants due on the day.
After engineers, Twitter’s highest-paid employees work in sales – with several earning more than $300,000.
According to a report from The Verge, Musk wants to launch a pay-for-play verification system in which verified users are charged $20 per month.
The problem is that engineers have until November 7 to launch the scheme or face being fired. Employees were only told of the project on October 30.
The Verger report says that the price of the verification is subject to change. The price will also cover so-far unspecified other features.