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.
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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.
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