Elon Musk reportedly ordering layoffs at Twitter this weekend

ANKARA, TURKIYE - OCTOBER 06: In this photo illustration, the image of Elon Musk is displayed on a computer screen and the logo of twitter on a mobile phone in Ankara, Turkiye on October 06, 2022. Muhammed Selim Korkutata / Anadolu Agency

Twitter's new owner, Elon Musk, could be ordering layoffs at the social media giant as soon this weekend, according to the New York Times

According to the report, the layoffs come at a crucial time. The New York Times says on Nov. 1, employees are set to receive stock grants as part of their compensation packages. 

The report did not say how many people will be let go. 

SEE ALSO: Elon Musk says Twitter will form a Content Moderation Council before making "major content changes"

Musk is reportedly asking managers to make a list of employees they could do without. He wants employees listed to be laid off before Tuesday. 

On Oct. 20, The Washington Post reported that Musk planned to layoff 75% of Twitter's staff. Twitter employs approximately 7,500 people across the globe. 

 SEEL ALSO: Will Trump return to Twitter? Musk says 'content moderation council' will decide