Elon Musk plans to gut Twitter workforce: Report

2022/10/20 23:37

With an Oct. 28 deadline for Elon Musk to close a $44-billion buyout of Twitter Inc approaching, a new report says he plans to layoff almost 75% of the social media platform's staff once he takes over the C-suite. The world's richest man has told prospective investors in the deal that he would take Twitter's staffing from 7,000 to 2,000 employees, The Washington Post reported on Thursday, citing documents and interviews obtained by the newspaper. Even if Musk does not purchase Twitter, the company still plans about $800 million in payroll cuts by the end of 2023, or about one-quarter of its workforce, the Post reported.
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