Elon Musk reportedly wants to lay off 75% of Twitter’s staff
Musk has previously hinted at plans for layoffs if he buys Twitter; however, the cuts should be deeper than previously anticipated.
According to a brand new document from the Washington Post, Musk plans to purge 75% of Twitter’s team of workers, or around 5,600 employees. If Musk’s imaginative and prescient vision for a far leaner platform comes to fruition, Twitter could be pressured to perform with a sliver of its cutting-edge group of workers.
Between broader financial factors and ongoing criticism that Twitter has not delivered on its promise (at least in terms of traders), Twitter has become a company that is constantly looking to reduce its workforce. However, reducing the workforce to three-quarters is not what the maximum number of humans had in mind. The Post reported that Twitter had already planned to reduce one-fourth of its workforce; however, leaving one-fourth of the workforce is an entirely unusual situation.
A grain of salt is vital here. While Musk reportedly defined his competitive plan during the last few months, there’s regularly a gulf between his phrases and the facts of the state of affairs. Musk may need to lay off 75% of Twitter’s workforce—what dollar-for-dollar investor or CEO wouldn’t want to make more money with fewer pesky salaries to pay?—but it’s also possible that Twitter wouldn’t be able to perform if pared down to the bare bones.
Musk truly lacks essential information about a few extreme troubles the organization faces, a number of which can be best resolved through greater funding in key areas. The CEOs of SpaceX and Tesla were eager to lean on Twitter’s former head of safety, who grew to become whistleblower Peiter Zatko, when it suited them; however, a number of the dire security and protection desires that Zatko raised couldn’t be met by gutting the entire organization. Musk is also hampered by the organization’s content material moderation issues, another area that benefits from having more humans involved—not just a frugal set of rules on the wheel. Certainly, and sadly, protection could possibly face deep cuts if Musk has his way.
It’s also entirely possible that the 75% range was just another ploy he used to electrify whoever he was speaking with, which could have been bankers he formed relationships with for the purchase or the numerous slavering wealthy men he texts. For the sake of Twitter’s already overburdened cutting-edge team, we sincerely hope that is the case.
The deal, which is now back on track after months of Musk sowing chaos, is anticipated to close on October 28.