Twitter, which was acquired final week by billionaire Elon Musk, plans to let go of 1 / 4 of its workforce as half of what’s anticipated to be a primary spherical of layoffs, the Washington Post reported on Monday, citing an individual accustomed to the matter.

Celebrity lawyer Alex Spiro, a long-time Musk authorized consultant, led the conversations concerning the job cuts, in response to the report.

Twitter had over 7,000 workers on the finish of 2021, in response to a regulatory submitting and 1 / 4 of the headcount quantities to just about 2,000 workers.

Musk denied a New York Times report about shedding Twitter workers at a date sooner than November 1 to keep away from inventory grants due on the day.

Twitter didn’t instantly reply to a Reuters request for remark.

Musk fired Twitter Chief Executive Parag Agrawal, Finance Chief Ned Segal and Legal Affairs and Policy Chief Vijaya Gadde on completion of a six-month $44 billion (roughly Rs. 3,62,300 crore) buyout saga of the social media platform on Thursday, sources informed Reuters.

In one other information, it was reported that Twitter will begin charging $20 (roughly Rs. 1,600) charge for the ‘blue tick’, which authenticates the id of the account holder. Meanwhile, failure to pay the quantity will end result within the coveted standing being withdrawn.

However, Union Minister of State for Electronics and Technology, Rajeev Chandrasekhar has refuted these stories. In his assertion to ANI, MoS Chandrasekhar stated, “I do not think this is true. This is a challenge for Twitter. They need to see how this miscommunication is being circulated on the platform. I do not think such reports are true.”

According to a number of stories, Musk is planning to cost customers $19.99 (almost Rs. 1600) for the brand new Twitter Blue subscription. Under the present plan, verified customers would have 90 days to subscribe or lose their blue checkmark.