The strategy of Elon Musk to buy Twitter can bring with it huge cuts to the social media organization’s workforce, Elon Musk is planning to kick off the huge workforce from Twitter after acquiring this social media company, according to a survey of The Washington Post.
It is told by Mr. Musk who is the major investor in his Twitter deal that he is going to cut around 75% of Twitter’s employee base which contains around 7,500 workers, just due to this news lots of workers leaving the organization with a skeleton crew.
Elon Musk Plans To Gut Of 75% Of Twitter Workforce!
This news is coming according to the report of The Washington Post. The newspaper mentioned documents as well as unidentified sources which are close to the negotiations. It’s also completely believable that the 75% number is just an additional approach.
Elon Musk pulled out of his hat to amaze whoever he was speaking to, they may be bankers he was chasing for the acquisition or the different slavering rich men he texts with. Twitter is already very worried about the latest workforce.
It will be interesting to see what is going to happen after the deal. Twitter was already making the strategy for the basic cuts and trimming payroll around $800 million till the end of next year, But Musk’s strategy is apparent.
Elon Musk wants to convert this struggling company into a more profitable company, this information is coming from The Washington Post. After months of legal battles encouraged by his effort to drop out of a plan to acquire the company.
Now Mr. Musk (the CEO of Tesla and founder of SpaceX) has decided — decided that he wants to finalize his deal and wants to purchase Twitter. The deal may be closed the next week around 28th October.
According to the post, such large-scale layoffs can impact the million number of users’ experience, and one famous data scientist told that there is a possibility to increase the risk of hacks for Twitter users as well as exposure to violent material like child pornography.
Twitter has been struggling to become a profitable organization from previous some years and musk is planning to transform the financial condition radically of the company into profitability. He is already provided with some basic information about he is going to accomplish this task.
Musk floated layoffs at the time of June month at a town hall meeting with staff Twitter, he said that he did not want to keep low performers in the company. It also told the billionaire that he may charge subscription services for the premium content on this platform.
Elon Musk supposedly told investors the number of users will be three-time who see ads within his first three years of ownership. He has time to close the deal until 28th October for purchase to Twitter.
It is also confirmed from Musk’s side two weeks ago that he is eager to purchase the company at the initially agreed-upon cost. If the deal finalizes then Twitter will become a private organization controlled by Elon Musk.