Elon Musk changes plans, to not cut 75% of Twitter Jobs
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Elon Musk informed Twitter employees that he does not intend to fire 75% of the workforce after taking over the organization.
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According to reports, Musk informed potential investors that he would fire 75% of Twitter’s staff, leaving the company with only 2,000 employees.
Elon Musk reportedly informed staff members on Wednesday that he does not intend to lay off 75% of the company’s workforce.
Twitter employees finally had a sigh of relief after hearing the news.
However, Twitter Inc. warned staff to expect loads of public rumors and speculation as the acquisition by Musk approaches.
As per reports, Twitter’s present management intended to reduce the corporation’s payroll by around $800 million by the end of 2023
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Layoffs are still anticipated after the Tesla CEO’s takeover even if he does not lay off the company’s staff by 75%.
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