The CEO of Tesla and SpaceX has a date until October 28 to complete the Twitter acquisition if he wants to avoid filing a lawsuit with the company.
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. Washington Post.
Specifically, the tycoon expects to lay off about 5,500 employees, leaving just over 2,000 employees at the social network.
However, in an internal email, the twitter lead attorneySean Edgett, has indicated that the company is not preparing layoffs.
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.
Musk is dated to the next October 28 to complete the Twitter acquisition if he wants to avoid going to court with the company, after which the businessman and engineer expressed his intention to stick to the original agreement to buy Twitter for $54.20 a share, amounting to a total of $44 billion. dollars (44,880 million euros).
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Source: EITB
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