Business

Musk may reduce 75% of the company’s workforce if Twitter takes over: Report

 

Documents and sources were quoted as saying that Musk has told potential investors to buy Twitter that he will lay off about 75 percent of the 7,500 employees and keep the company at a minimum.

If the command of social media company Twitter falls in the hands of industrialist Elon Musk, then whenever it happens, he plans to fire most of the company’s employees. Such a claim has been made in a news published in the Washington Post. This report was published in the newspaper on Thursday. It quoted documents and sources as saying that Musk has told potential investors to buy Twitter that he will lay off about 75 percent of the 7,500 employees and keep the minimum staff at the company.

There are already fears of job layoffs, but Musk’s plans are very wide. “Laying 75 percent of the workforce means strong capital flows and profitability that will attract investors to the deal,” says Dan Eaves, an analyst. To cut would mean taking the company back several years.

Twitter employees, including experts, have warned that halting investment in content and data security would be harmful to Twitter and its users, including its users.

Shubham Bangwal

Shubham Bangwal Senior Journalist at People News Chronicle whose Special interest is in Politics, Crime, Entertainment and Technology news.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button