Twitter reportedly ready to cut about 3,700 employees

(CNBC) Twitter employees are expecting a 50% overall reduction in force after Tesla and SpaceX CEO Elon Musk took the reins of the social network last week. That amounts to about 3,700 employees. The newly minted CEO of Twitter is expected to require employees at the social network who were once authorized to work remotely to report to Twitter offices in and beyond San Francisco.

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