According to a report published in the Washington Post, Musk plans to fire nearly 75% of the social media company’s workforce, once he takes over. The report cites the source of this information as some interviews and documents accessed by them.
The reports said that job cuts are expected in the coming months, no matter who owns the company. However, Twitter’s current management has planned to lay off 25% of the staff by the end of next year. The reports, on the other hand, have revealed that Elon Musk wants to reduce Twitter’s 7,500 employees.
It was reported through an internal memo circulated by Twitter said there were “no plans for any company-wide layoffs”. According to the report, Job cuts are expected in the coming months.
The Washington Post reported that Human Resources (HR) staff at Twitter told employees that they were not planning any mass layoffs. However, the documents accessed reportedly show that extensive plans to lay off staff and cut down on infrastructure costs were on the cards, even before Elon Musk proposed to buy Twitter.
While Musk has not bought Twitter till now, talks are on as he recently said again that he is willing to buy the social media giant on the original terms.