Elon Musk plans to lay off nearly 75% of Twitter’s 7,500 employees if he succeeds in buying the social network, according to information published Thursday. washington post:. The head of Tesla and SpaceX told potential investors that he intends to reduce the company to 2,000 employees, writes the American daily.
The multi-billionaire is on the verge of buying the social network for $44 billion after months of economic and legal developments. But even if Elon Musk fails to acquire Twitter, the platform still plans to cut nearly a quarter of its staff by the end of 2023, the sources said. washington post:. Twitter did not immediately respond to AFP’s request.
The capricious leader made a takeover offer that was accepted by the group’s board of directors in late April, confirming at the time that his priority was not profitability, but the protection of free speech. He then tried to unilaterally back out of the deal, accusing the company of lying to him about automated billing and anti-spam.
One billion users were expected
Twitter filed a complaint in early July, and Elon Musk finally confirmed earlier this month that the deal would indeed happen. The judge adjourned the hearing, which had been scheduled for this week, and gave the two sides until October 28 to reach a new agreement. In mid-June, during a question-and-answer session with employees of the San Francisco company, the businessman emphasized that he aims to reach one billion users, instead of the current 230 million, and to diversify the sources of income.
He also reminded the importance of not strict content moderation in his eyes, within the limits set by the law. Its design is at odds with that of many Twitter employees, associations and elected Democrats who are calling on the social network to do a better job of fighting hate speech, harassment and misinformation.
His speech revealed the gap that separates his vision for the company from that of many Silicon Valley workers, which has been conquered by remote work. Thus, Elon Musk demanded that Tesla employees work at least 40 hours a week face-to-face or they would lose their jobs. In a meeting with Twitter employees, he explained that he wanted to weigh in on strategic directions and product improvements. He did not specify whether he intends to cut employees, but noted that performance is taken into account.
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.