The Washington Post: Musk will serve as Twitter CEO, with a potential first round of layoffs of 25%

ChainCatcher news, according to the Washington Post, a financial document officially disclosed that Musk is the CEO of Twitter late Monday. According to a knowledgeable source, the team is deciding on the first round of layoffs, which may cut 25% of the workforce, totaling over 7,000 people. The source indicated that the layoffs will affect nearly all departments, particularly impacting sales, product, engineering, legal, trust, and safety in the coming days. Some employees, as seen in the document reviewed by the Washington Post, have annual salaries exceeding $300,000.

It has been reported that the prominent lawyer Alex Spiro, who has represented Musk for years, is managing several teams at Twitter and organized detailed discussions over the weekend among the remaining executives regarding content moderation, spam methods, and the plan to lay off 25% of employees. (Washington Post)