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Closing the deal Elon Musk buying Twitter could be cruel to the job prospects of most of the company’s employees.
Bloomberg reports that Musk very close to completing the details of the 44 billion purchase, the deadline is close to October 28th.
Elon Musk and the outstanding Twitter purge
Elon Musk was consulted at the time of the announcement of the results Tesla on the Twitter and assured that the company “has incredible potential”, although he considered it “obvious” that he was overpaying for it.
What will not reassure the employees is a plan that Elon Musk have for the future Twitter.
The billionaire is recruiting investors to back his purchase, offering tough terms for the company’s current employees.
Washington Post indicates that among the plans presented to potential investors, Elon Musk promises to cut 75% of the workforce of 7,500 workers from Twitter and continue to double your income over the next three years.
Twitter will also “relax” content moderation, planning to bring back the former president USA, Donald Trump.
With or without Musk, Twitter ultimately he was going to reduce the number of workers. Previous plans targeted 25% of employees, but they were halted when Elon Musk made an offer to buy the company.
Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.