“Elon Musk planned to begin laying off workers at Twitter as soon as Saturday, with some managers being asked to draw up lists of employees to cut,” the New York Times reports.
“Mr. Musk, who completed a $44 billion deal to buy Twitter on Thursday, has ordered the cuts across the company, with some teams to be trimmed more than others… The scale of the layoffs could not be determined. Twitter has around 7,500 employees.”
John Gruber: “I can see this acquisition going badly — for Twitter as an institution, for Musk personally, or both. It’s high risk. That’s what makes it captivating. This is a $44 billion personal wager.”