Elon Musk’s “terrible” plan for Twitter revealed: 75 percent gone!
Currently, approximately 7,500 people work at Twitter and It is claimed that if Elon Musk buys Twitter, he will show the door to 75 percent of …
Currently, approximately 7,500 people work at Twitter and It is claimed that if Elon Musk buys Twitter, he will show the door to 75 percent of them.Elon Musk, who is about to buy the company, says he plans massive layoffs to cut costs to potential investors.
Musk has to close the Twitter acquisition by October 28. The reconciliation is evident, as Twitter freezes employee stock rewards. Anonymous sources say the reconciliation is proceeding in good faith.
However, layoffs are still planned. Prior to Musk’s proposal, the Twitter administration cut almost a quarter of its workforce and He planned to cut $800 million from salary. Musk’s plans are on a much larger scale. A former Twitter executive says Twitter is expected to face more hacks if this happens, which users will likely notice quickly. It is argued that Musk plans to apply the backfire score ranking that was once implemented at Microsoft to reduce the number of employees.
Musk said he was “clearly overpaying” for Twitter, and a general partner of one of the firms involved in the deal, told Business Insider ” To be honest we’re all trying to get out of thisHe said. At the same time, he says he aims to double the revenue in three years, but does not explain how he will do it.