According to the Washington Post on Thursday, Elon Musk informed potential investors that he intends to fire approximately 75% of Twitter's employees as part of his agreement to acquire the social media business.
Regardless of who controls the firm, job layoffs are anticipated in the upcoming months, according to the article, which referenced interviews and papers.
The timing of Musk's aspirations, should he end up taking over the company, is bad news for Twitter. In July, the business declared that it has "seriously reduced" recruiting due to a general economic slowdown in the tech sector, where numerous businesses have recently announced hiring freezes and layoffs.
Twitter was always going to reduce its personnel due to larger economic concerns and continuous complaints that the company has fallen short of investors' expectations. However, the majority of individuals didn't have the idea of reducing the personnel by 75 per cent in mind. The Post reported that Twitter previously intended to reduce its employment by around a quarter, but leaving a quarter of the workforce is a very other problem.
It's also very conceivable that the 75% figure was just another gimmick he concocted to dazzle whomever he was speaking to, either the financiers he was wooing for the purchase or the numerous slavering millionaires he messages. We certainly hope that turns out to be the case for the sake of Twitter's highly overworked existing personnel.
© Copyright 2020, All Rights Reserved
Powered by Basharat Hosein
