According to The Washington Post, after completing his acquisition of Twitter, entrepreneur Elon Musk intends to remove roughly 75% of its staff.
The newspaper, quoting its sources and based on documents that it seen, indicated that the talk is about reducing the number of employees in “Twitter” from the 7500 people currently working, to about two thousand basic cadres only.
The newspaper pointed out that “Twitter” is in front of reducing a large percentage of its cadres even in the event that Elon Musk did not acquire it, as the company’s management was reducing expenses on salaries by about 800 million dollars at the end of next year, which requires separation of about a quarter of its employees.
The newspaper claims that “Twitter” intends to scale back its infrastructure, particularly its data handling and storage facilities.
According to the newspaper article, one of the factors driving the “Twitter” administration’s intention to sell the business to Eileon Musk is the need to lay off a sizable portion of cadres.
It is significant that after several months of stalling, negotiations to complete Elon Musk’s purchase of Twitter finally concluded this month. According to information from the “Washington Post,” it is anticipated to be finished by October 28.
“Washington Post” is the source.
According to the “Washington Post,” Mask intends to cut off over 75% of Twitter cadres.
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