Elon Musk plans to cut half of Twitter jobs

The richest billionaire Elon Musk has revealed plans to cut about 3,700 jobs at Twitter Inc which is equally half of the company’s workforce in a bid to cut costs.

Musk, who just acquired Twitter made the revelation on Wednesday according to Bloomberg News citing people familiar with the matter.

According to the report, the business magnate and investor will inform the staff affected on Friday as he intends to reverse the social media company’s existing work-from-anywhere policy.

He will also require employees to work from the office with some exceptions possible to could be made.