Twitter is planning to let go of a quarter of its workforce—around 2,000 employees—in a “first round” of layoffs, according to a report by The Washington Post.
The expected layoffs come as Musk seeks to increase Twitter’s profitability after massively overpaying for the platform; the new “chief twit” is also reportedly toying with the idea of charging $20/month for verification, to the dismay of some users.
$20 a month to keep my blue check? Fuck that, they should pay me. If that gets instituted, I’m gone like Enron.
— Stephen King (@StephenKing) October 31, 2022
Separately, Musk has reportedly ordered engineers at Twitter to revive Vine, the short-form video platform acquired by Twitter in 2012 and axed in 2016.
Musk hopes the rebooted platform could compete with Chinese-owned TikTok.
What could we do to make it better than TikTok?
— Elon Musk (@elonmusk) October 31, 2022