If ElonMusk finally gets his hands on Twitter in the next week, a new report suggests he could lay off up to 75% of the workforce.
If Elon Musk finally gets his hands on Twitter in the next week, he could lay off up to 75% of the company’s workforce.
If it happens, it means the billionaire entrepreneur would oversee the loss of around 5,500 Twitter employees in a move that would reduce its workforce from 7,500 to just over 2,000, the Post said. Speaking to the Post about Musk’s reported plan to send the majority of Twitter’s workforce packing, Edwin Chen, a data scientist and former head of Twitter’s spam and health metrics, said it would be “unimaginable,” adding: “It would be a cascading effect where you’d have services going down and the people remaining not having the institutional knowledge to get them back up, and being completely demoralized and wanting to leave themselves.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk Plans to Lay Off Nearly 75% of Twitter Employees, or 5,500 Staffers (Report)Elon Musk could be set to slash Twitter’s headcount drastically once his $44 billion deal for the social network goes through. The mega-billionaire has told potential investors in the Twitter…
Read more »
Elon Musk reportedly cutting 75% of Twitter's workforce after buyoutBillionaire Elon Musk reportedly planning to slash about 75 percent of Twitter's staff, in a major transformation of the tech giant after $44B buyout
Read more »
Elon Musk May Gut 75% Of Twitter Workforce – ReportElon Musk told prospective investors in Twitter that he planned to eliminate about 75% of the social media platform’s 7,500-strong workforce. Such a move would leave Twitter with about 2,000 staffe…
Read more »
Elon Musk says he's 'obviously overpaying' for Twitter but touts platform's 'incredible potential'Billionaire Elon Musk has said his decision to acquire Twitter for $54.20 per share could potentially accelerate the creation of X, an 'everything app,' by three to five years.
Read more »
PolitiFact - Trump still didn’t tweet his thanks to Elon Musk, and isn’t back on TwitterDonald Trump didn’t thank Elon Musk on Twitter for letting him back on the social media platform, but images of supposed tweets from the former president suggest otherwise.
Read more »
Elon Musk, noted SF critic, reportedly plans mass Twitter layoffsMusk has previously hinted he would move Twitter out of San Francisco, falsely claiming its presence in The City gives the platform 'a strong left bias.'
Read more »