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.
Twitter also said on Wednesday it sent Musk a formal request to approve two tailored employee retention programs in June, but he has not provided his consent.
Musk did not immediately respond to a request for comment when reached through Tesla.
In May, the company said it would pause hiring and review all existing job offers to determine whether any “should be pulled back.”
