The tycoon will lay off about 5,500 employees and plans to leave a workforce of just over 2,000 employees
Tesla and SpaceX CEO Elon Musk has announced to Twitter investors that he plans to cut nearly 75% of the social network’s workforce if he finally takes control of the network, as reported Thursday by “The Washington Post’.
Specifically, the tycoon expects to lay off about 5,500 employees, leaving just over 2,000 employees at the social network.
Twitter had already hoped to lay off some of its team due to economic factors, though it never planned to cut its workforce by three-quarters, according to the aforementioned media.
All in all, the cuts would affect not only the employees, but also the company’s infrastructure and the data centers that enable the operation of the social network.
For this reason, the decision could affect the social network’s millions of users, as they are at risk of potential hacks and more exposed to offensive material, according to experts consulted by the Bloomberg agency.
According to the documents consulted by the Post and testimonials from other sources, the cuts would affect not only the staff, but also the infrastructure of the company, and in particular the data centers that allow the operation of this network, which is consulted daily. by more than 200 million users.
Musk has a date until October 28 to complete the Twitter acquisition if he wants to avoid filing a lawsuit with the company, after which the businessman and engineer announced his intention to abide by the original agreement to buy Twitter for $54.20 per action, which would total $44,000 million (44,880 million).
Source: La Verdad
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
