On Thursday, The Washington Post reported that a massive demobilisation effort on Twitter is imminent, particularly if the billionaire Elon Musk has finalised the company’s $ 44 billion purchase.
According to the newspaper, when making his purchase proposal for Twitter to investors, Musk claimed he planned to lay off roughly 75 percent of the company’s workforce, leaving just over 2000 people working there.
At the moment, 7,500 individuals are employed by Twitter.
According to the American daily, even if Musk’s attempt to acquire Twitter is unsuccessful, the business still plans to cut approximately 800 million dollars from its compensation cap by the end of next year and lay off about a quarter of its workforce.
According to the “Washington Post,” which cited interviews and records, a reduction in the company’s San Francisco-based staff might make it more difficult for the platform to remove offensive content or maintain data security.
According to Karl Tobia, a professor at the University of Richmond Law Faculty, “Illon’s Twitter will hold Twitter, and he will be able to do whatever he wants.”
He continued, “I assume he is plotting this,” noting that before a man in a mask “sued him,” Twitter’s major issue was not being able to make money.
After the latter attempted to escape it, Twitter launched a lawsuit to compel a mask on the terms of the acquisition transaction in April.
After recently expressing his opinion, an American court put the case on hold and granted the parties until October 28 to resolve the major dispute once more.
He said he was “enthusiastic about Twitter” when asked about Tesla’s quarterly earnings this week.
Even if it is obvious that I and the other investors are currently paying Twitter a lot of money, he continued, “I think it is one of the assets that has been somewhat poor for a long time, but it has enormous potential.
Activists worry that more abusive and deceptive publications will appear as a result of the prospective mask’s monitoring on the powerful social networking site.
Does Elon Mustice fire Twitter staff once the deal is finalised?
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