Twitter’s new owner, Elon Musk, has denied reports of mass layoffs at Twitter.
Asked by a user on Twitter about the news of the layoffs, Elon Musk replied, “It’s a lie.”
Earlier, foreign media reported that after Elon Musk took over the ownership of Twitter, the initial steps have been taken to fire several employees of the company.
A report in Bloomberg said that the world’s richest man, who owns Twitter for $44 billion, has instructed managers to prepare a list of employees who can be fired.
The report said that the layoffs may begin in the first week of November.
Before taking over Twitter, there were reports that Elon Musk had told investors that he could fire 75 percent of Twitter’s employees.
Elon Musk later denied that he was considering laying off such a large number of employees, but did not deny that he would cut the workforce.
The report stated that 50 percent of Twitter’s 7,500 employees could be laid off by Elon Musk.
Elon Musk has already fired some of Twitter’s top executives, including CEO Prag Agarwal, chief financial officer Ned Segal, along with legal affairs and policy chief Vijay Gade.