Twitter has reportedly laid off a third of its recruiting team as billionaire Elon Musk remains on the verge of taking over the company in a $44 billion deal.
Twitter announced a hiring freeze in May, and now it has joined other tech companies in laying off staff as the economy struggles.
The Wall Street Journal first reported the layoffs, which reportedly will affect less than 100 people and will be the only layoffs, WSJ reported.
The news sparked major reaction online.
Today, LinkedIn is filled with posts of people laid off at Twitter
Supposedly, 30% of Talent Acquisition team was fired
Note that twitter leadership promised that there won’t be layoffs 😲
Let this be yet another reminder that there isn’t any job security in today’s world 🙁
— Harshit Jain ⚡ (@jain_harshit) July 8, 2022
The crash has shown us many ways employees can get screwed by stock-based compensation but I haven’t seen anything like what Twitter’s doing before.
If they have vested Twitter stock they haven’t sold yet, laid off employees can now no longer sell. 🤯https://t.co/QTkbFSkkyW
— Dare Obasanjo (@Carnage4Life) July 8, 2022
My feed on twitter is all about how great the economy is because we’re adding all these jobs and gas prices and inflation are dropping and then over on LinkedIn, my entire feed is people announcing they’ve been laid off 🥴🥴🥴
— Chappell Ellison (@ChappellTracker) July 8, 2022