Elon Musk reportedly has big plans for when he takes over Twitter. Among those is laying off as much as 75% of the 7,500 Twitter employees.
According to a report from Washington Post, Musk has told investors he plans to cut the workforce by up to 75%. Even if Musk does not take over Twitter there will still be a workforce reduction of nearly 25% due to a massive payroll cut.
SCOOP: Elon Musk told investors he planned to cut 75% of Twitter’s workforce, gutting to a skeleton staff of 2,000. Also, Peter Thiel and Reid Hoffman passed on the Twitter deal. Via me @faizsays @GerritD @jeremybmerrill https://t.co/epoiv3pArV
— Elizabeth Dwoskin (@lizzadwoskin) October 20, 2022
Per The Post:
Elon Musk told prospective investors in his deal to buy the company that he planned to get rid of nearly 75 percent of Twitter’s 7,500 workers, whittling the company down to a skeleton staff of just over 2,000.
Even if Musk’s Twitter deal falls through — and there’s little indication now that it will — big cuts are expected: Twitter’s current management planned to pare the company’s payroll by about $800 million by the end of next year, a number that would mean the departure of nearly a quarter of the workforce, according to corporate documents and interviews with people familiar with the company’s deliberations. The company also planned to make major cuts to its infrastructure, including data centers that keep the site functioning for more than 200 million users that log on each day.
The Post makes it very clear where their concerns with this move are. They are worried the cuts will “[cripple] the service’s ability to combat misinformation, hate speech and spam.”
Remember, this move was all about free speech. Elon Musk is worried about stepping on the toes of the mainstream media.
Biden Admin/Power Elite cooking up ways to destroy @ElonMusk because they can’t control him—just like Trump. Expect them to use every law enforcement and regulatory body as weapons to bring Musk down or force him to surrender. Blatant authoritarianism.https://t.co/z9WeupeJmZ
— Tulsi Gabbard ? (@TulsiGabbard) October 21, 2022
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