WP: Musk wants to cut 75% of Twitter employees if he buys the company
[ad_1]
American businessman Elon Musk wants to fire 75% of the company’s employees if he buys Twitter, reports The Washington Post (WP) with reference to sources and corporate documents. According to them, even if the deal with Mr. Musk does not take place, large-scale cuts are still expected on Twitter.
Twitter has 7,500 employees, according to WP. If Elon Musk’s plan is implemented, then the company will have about 2 thousand employees. But even if the deal fell through, current Twitter management planned to cut its payroll by about $800 million by the end of next year. This will mean the layoff of almost a quarter of employees. The company also intends to “majorly downsize” its infrastructure, including its data centers.
Twitter denies layoff plans. This was announced yesterday, October 20, by e-mail to the company’s employees, its chief legal adviser Sean Edgett, reports Reuters citing a source who read the letter.
The plans of Mr. Musk to buy Twitter became known in April, but in July he withdrew sentence. Twitter filed a lawsuit against the businessman due to the stoppage of the deal. In October, Elon Musk I decided complete the deal to buy the social network. Court gave him time until 28 October.
Details – in the material “Kommersant” “Elon Musk changed his mind”.
[ad_2]
Source link
