According to Foresight News, Bloomberg reported, citing people familiar with the matter, that Elon Musk plans to lay off 3,700 Twitter employees (about half of the company's total employees) to reduce its post-acquisition operating costs, and plans to notify the laid-off employees on Friday. In addition, Elon Musk may cancel the current remote work policy and require employees to go to the company to work, but some employees may be exempted. People familiar with the matter also revealed that Elon Musk and a team of consultants are weighing a series of layoffs and other policy changes, and specific compensation for layoffs may change.