The Washington Post reported that Musk was considering laying off nearly 75% of its employees after acquiring Twitter, and Twitter rushed to clarify internally that there were no layoff plans.

(Reuters file photo)

[Financial Channel/Comprehensive Report] Foreign media revealed that Elon Musk, the world’s richest man, is considering cutting nearly 75% of its employees after acquiring the social platform Twitter. Twitter immediately reported to Twitter on Thursday (20th). Its employees clarified that there are no plans for large-scale layoffs across the company.

The Washington Post reported earlier on Thursday that Musk told potential investors in the Twitter deal that he planned to lay off nearly 75 percent of Twitter's 7,500 employees, according to the Washington Post. After the deal is completed, Twitter is expected to lay off workers in the coming months.

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Twitter's legal counsel, Sean Edgett, sent an email to employees on Thursday, citing people familiar with the matter, stressing that the company has no plans to cut jobs.

Twitter’s People division has told employees it doesn’t plan to lay off workers, but documents released by The Post show that the company had plans for widespread layoffs and infrastructure cost cuts before Musk’s bid.

According to reports, Twitter’s current executives plan to slash the company’s salary expenditure by about US$800 million (about NT$25.4 billion) by the end of next year, which means that nearly a quarter of its employees will leave.

Musk tried to back away from a deal to buy Twitter in May, claiming the company had underestimated the number of bots and spam accounts on the platform, sparking a series of lawsuits by both parties.

Earlier this (October) month, Musk turned his attitude again and said that the acquisition will be carried out according to the original conditions.

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