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By Staff Reporters
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According to the Washington Post, Elon Musk told potential investors for his Twitter purchase that he would thin the company’s 7,500-person workforce by 75%, leaving less than 2,000 employees to protect against security threats and solve the bot problem.
But even if the deal didn’t go through, Twitter was probably headed for layoffs. Current management said they needed to cut payroll by nearly $800 million by the end of 2023. Musk’s acquisition of Twitter is expected to close by next week.
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Filed under: "Ask-an-Advisor", Alternative Investments, Experts Invited, Investing, Op-Editorials | Tagged: elon, elon musk, elon musk twitter, musk, twitter, twitter workforce |
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