Twitter, now owned by Elon Musk, reportedly plans to let go of a quarter of its workforce in a first round of layoffs.
The first round thus will mean a reduction in the number of employees by more than 2,000 people.
Musk also denied reports about firing Twitter employees at a date earlier than November 1 to avoid stock grants due on the day.
Earlier, it was also reported that Musk seeks to change Twitter Blue subscription from $4.99 per month to $19.99 per month.
Moreover, Twitter Blue now not only unlocks additional functions, but also verifies users. Under the current plan, verified users will have 90 days to subscribe or lose their blue checkmark.
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