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    Technology

    Musk plans mass layoffs at Twitter - report

    Musk plans mass layoffs at Twitter - report

    Twitter is likely to be hit with massive layoffs in the coming months to its 7,500-strong workforce.

    The Washington Post reported that billionaire Elon Musk plans to cut 75% of staff if he takes over the social media giant.

    The Post, citing interviews and documents, learnt Twitter’s current management planned to pare the company’s payroll by $800 million by the end of 2023, or roughly a quarter of the workforce.

    Meanwhile, the Post learnt that extensive plans to push staff out and cut costs were already in place before Musk offered to buy the company.

    Twitter did not respond to Reuters for a comment.

    Twitter General Counsel Sean Edgett emailed employees on Thursday (October 20) saying the company does not plan layoffs, according to a source who read it.

    Elon Musk, the CEO of Tesla, originally committed to buying Twitter in April, but the deal soured.

    Earlier this month, he said he was ready to buy Twitter again for the original sum of $44 billion.

     
    21.10.2022, 11:22   Comments (0)   897
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