Elon Musk’s plans for Twitter involved in cutting its staff by almost 75% over several months, according to documents obtained by Washington Post.
Musk, whose $44 billion purchase of the social network is expected to close on October 28, will reduce Twitter’s staff to just over 2,000 people, from 7,500 currently using it, the Post reported. , citing Musk’s comments to potential investors. Musk has told investors he plans to reduce staff in an initial offering to bankers for funding, people familiar with the matter said. Bloomberg in April.
Billionaire, also the CEO of Tesla, earlier this month, he said he would follow through on his agreement to use Twitter privately, ending a months-long battle in court over the deal. Even if Musk doesn’t own Twitter, the company will need to cut its workforce to cut costs, according to the Post.
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