Musk Plans To Cut 75% Of Twitter Workforce, Report Says

Summary by Ground News

Musk has told prospective investors in his Twitter purchase that he plans to cut nearly 75% of Twitter's employee base of 7,500 workers. Musk has alluded to the need to cull some of the company's staff in the past. The magnitude of Musk's planned cuts are far more extreme than anything Twitter had planned. Musk and Twitter are expected to close the $44 billion deal on Oct. 28.

Published 4 months ago · S F, United States

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Times of India

Twitter tells employees there are no plans for layoffs

Twitter's current management planned to pare the company's payroll by about $800 million by the end of next year, a number that would mean the departure of nearly a quarter of the workforce, the report said.

4 months ago·Mumbai, India

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News18 India

Elon Musk Plans To Cut Nearly 75% Of Twitter Employees: Report

The job cuts are expected in the coming months, no matter who owns the company, according to the report.

4 months ago·India

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Reuters

Twitter tells employees there are no plans for layoffs

Twitter Inc on Thursday clarified to staff that there are no plans for company-wide layoffs since it signed a deal to be acquired by billionaire Elon Musk, after a media outlet reported that Musk is considering layoffs at the company.

4 months ago·United Kingdom

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The Guardian

Elon Musk plans to cut 75% of Twitter staff if he takes over company – report

The news comes at a difficult time for the company, which had announced hiring freezes and has seen low employee morale

4 months ago·London, United Kingdom

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CTV News

Report: Elon Musk plans to cut 75 per cent of Twitter workforce

Elon Musk plans to lay off most of Twitter's workforce if and when he becomes owner of the social media company, according to a report Thursday by The Washington Post.

4 months ago·Toronto, Canada

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