Elon Musk wants to fire 75% of Twitter employees

There are currently 7,500 people working for Twitter, and according to a new report, Elon Musk plans to lay off about 75 percent of those people. According to the report of the Washington Post, Elon Musk wants to make extensive changes among Twitter employees after the acquisition of Twitter is finalized. According to the signed contract, the transfer of ownership of Twitter to Mr. Musk should be completed within the next 7 days. to be finalized and in the meantime, Twitter has stopped the process of offering stock bonuses to its employees for the time being. Of course, even if Elon Musk did not take over Twitter, the company's managers would have sought to lay off a significant portion of the company's employees in order to reduce costs. But the amount of people that Mr. Musk wants to fire is much higher than expected.

BingMag.com Elon Musk wants to fire 75% of Twitter employees

There are currently 7,500 people working for Twitter, and according to a new report, Elon Musk plans to lay off about 75 percent of those people. According to the report of the Washington Post, Elon Musk wants to make extensive changes among Twitter employees after the acquisition of Twitter is finalized. According to the signed contract, the transfer of ownership of Twitter to Mr. Musk should be completed within the next 7 days. to be finalized and in the meantime, Twitter has stopped the process of offering stock bonuses to its employees for the time being. Of course, even if Elon Musk did not take over Twitter, the company's managers would have sought to lay off a significant portion of the company's employees in order to reduce costs. But the amount of people that Mr. Musk wants to fire is much higher than expected.

Elon Musk says that he knows the value of Twitter company is lower than the amount he proposed, and one of the investment companies involved in this transaction also noted that They want out of this deal. Elon Musk announced to investors a long time ago that he wants to double Twitter's revenue within three years, but it is not clear exactly what plans he has to achieve such a goal.

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