Elon Musk vows to fire 75 PERCENT of Twitter’s workforce

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Elon Musk vows to fire 75 PERCENT of Twitter’s workforce – after admitting he and investors are  paying too much in $44billion deal

  • Elon Musk told prospective investors in his $44 billion deal to buy Twitter that he plans to get rid of three-quarters of its 7,500 workers
  • That would leave the company with just a skeleton crew of just over 2,000 employees, which experts say is not enough to tamp down on misinformation
  • Current management had already been planning to layoff a quarter of its employees and make cuts to its infrastructure
  • Musk has previously said that he spent too much to buy the company 

Elon Musk has vowed to fire a whopping 75 percent of Twitter’s workforce as part of his plan to take over the company.

Corporate documents obtained by the Washington Post reveal that the billionaire told prospective investors in his $44 billion deal to buy the social media giant that he plans to get rid of three-quarters of its 7,500 workers.

That would leave the company with just a skeleton crew of just over 2,000 employees, which experts say would make it difficult for the social media company to tamp down on what it deems to be ‘misinformation.’ 

The plans would cut far more jobs than Twitter’s current management had been planning to lose, the effects of which would be massive.

But it would provide Twitter’s leadership with a way to save face and avoid announcing layoffs to one-quarter of the workforce they were already planning to reduce costs.

Management also planned to make major cuts to its infrastructure, getting rid of data centers that keep the site functioning for more than 200 million users a day. 

The deal is expected to be finalized by next Friday, as Musk says he paid too much for the company. 

Corporate documents reveal that Elon Musk told prospective investors in his $44 billion deal to buy the social media giant that he plans to get rid of three-quarters of its 7,500 workers

Corporate documents reveal that Elon Musk told prospective investors in his $44 billion deal to buy the social media giant that he plans to get rid of three-quarters of its 7,500 workers

The corporation had already been planning to layoff a quarter of its employees and make cuts to its infrastructure

Experts say users would immediately feel the effect of the massive job cuts.

Edwin Chen, a data scientist formerly in charge of Twitter’s spam and health metrics who is now CEO of content moderation start-up Surge AI, said that while he believed Twitter was overstaffed, the cuts Musk proposed were ‘unimaginable.’

He said they would put Twitter’s users at risk of hacks and even exposure to offensive materials like child pornography.

‘It would be a cascading effect where you’d have service going down and the people remaining not having the institutional knowledge to get them back up, and being completely demoralized and wanting to leave themselves,’ Chen told the Post. 

But Musk is expected to take over the company immediately after a deal is reached, and will be tasked with ‘fixing’ the company.

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