Twitter Says It Is Not Planning Big Layoffs

Twitter Says It Is Not Planning Big Layoffs
A 3D-printed Twitter logo on non-3D printed Twitter logos is seen in this picture illustration taken on April 28, 2022. Dado Ruvic/Reuters
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Twitter Inc. is not looking at company-wide layoffs but could likely continue to restructure the business, the social media company said in a filing on Wednesday.

The filing comes a day after Twitter sued Tesla Inc. Chief Executive Elon Musk for violating his $44 billion deal to buy the company and asked a Delaware court to order the world’s richest person to complete the merger at the agreed $54.20 per Twitter share.