Musk has previously gestured at plans for layoffs if he were to buy Twitter, but those cuts could go even deeper than previously imagined.
Between broader economic factors and ongoing criticisms that Twitter has failed to deliver on its promise (at least as far as investors are concerned), Twitter was always going to trim its workforce. But cutting the staff down by three quarters isn’t what most people had in mind. The Post noted that Twitter already planned to cut around a quarter of its workforce — but leaving a quarter of the workforce is a different situation altogether.
A grain of salt is necessary here. While Musk reportedly described his aggressive plan over the past few months, there’s often a gulf between his words and the reality of the situation. Musk might want to lay off 75% of Twitter’s workforce — what dollar-signs-for-eyes investor or CEO wouldn’t want to make more money with fewer pesky salaries to pay! — but it’s also conceivable that Twitter wouldn’t even be able to operate if cut to the bone.
The deal, which is now to back on track after months of Musk sowing chaos, is expected to close by October 28.
Elon Musk reportedly wants to lay off 75% of Twitter’s staff by Taylor Hatmaker originally published on TechCrunch