According to a report by The Washington Post on Thursday, which relied on documents and anonymous sources, billionaire Elon Musk would offer the following idea to potential investors. laying off 75% of the Twitter workforce, or about 5,500 of 7,500 employees. This therefore confirms the information circulating at the beginning of the year about Elon Musk’s intentions to clean up among the employees of the American giant.
The report also states that the San Francisco-based company already planned to make major cuts: $800 million by the end of 2023, including a quarter of the company’s workforce. As of this writing, Elon Musk and Twitter are once again in the middle of negotiations to finalize their $44 billion deal.
Twitter denies information, layoffs will not be planned
After the report was published, Twitter quickly announced to staff that it did not expect any company-wide layoffs since billionaire Elon Musk signed the buyout deal. Twitter General Counsel Sean Edgett reportedly sent an email to employees. The company had no plans to fire anyone yet.
But given Tesla or SpaceX’s applications in human resources, it’s easy to imagine that the billionaire would want to get rid of the least productive employees and hire new ones. we also know If the Twitter acquisition is finalized, the billionaire already plans to transform the social network.
Indeed, Elon Musk wants to create his own “X” platform that could revolutionize the industry. Therefore, it can be inspired by the Chinese WeChat, which offers a wide range of functions. sharing content, gameplay and even own payment tools. Therefore, we will have to wait for the end of the negotiations between the American giant and the billionaire to learn more about the future of the social network and its employees.
Source : Washington post
