Twitter takeover: Elon Musk wants to fire three-quarters of the social network’s employees

This is news that is likely to provoke the ire of social network employees. Elon Musk planned to fire nearly 75% of Twitter’s 7,500 employees if he could buy the company. The information was published on Thursday, October 20 by the Washington Post and transmitted by Le Figaro. Thus, the American daily explains that the multi-billionaire entrepreneur told potential investors that he wanted to reduce the company’s staff to around 2,000 employees.

After months marked by numerous legal and economic upheavals, Elon Musk is likely to buy Twitter for $44 billion. In any case, according to the Washington Post, the Blue Bird social network planned to lay off almost a quarter of its staff by the end of 2023.

turn around. In late April, Tesla’s boss’ proposal to acquire Twitter was accepted by the company’s board of directors. Elon Musk intended to protect freedom of speech with this takeover, but then tried to unilaterally withdraw from the takeover agreement. The South African-born entrepreneur, in particular, accused the social network of lying about the number of his automated accounts. In early October, Elon Musk finally returned his proposal for discussion.

Elon Musk’s takeover rejection comes as Tesla and SpaceX, two of his companies, face many challenges. The automaker is trying to recover as quickly as possible from the long closure of its largest plant in Shanghai, and an aerospace specialist had to deal with a fuel explosion during testing this summer.

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker.