Elon Musk reportedly plans to make significant cuts to staffing if his plan to buy Twitter goes forward, according to a new report.
Musk could cut the current 7,500 employees to just 2,000, according to the Washington Post.
Elon Musk shared plans to downsize Twitter workforce significantly: Report | Washington Examinerhttps://t.co/ge6FPr6tsF
— Filtered News (@filterednews) October 20, 2022
“Musk shared the plans as part of a pitch to get investors to help finance his $44 billion takeover of the company, which he has reportedly had trouble funding,” the Washington Examiner reported.
“Big changes are likely to be in store for Twitter as Musk focuses on free speech, with many employees already jumping ship from the social media platform, worrying about the changes coming to the company,” it added.
BREAKING: Elon Musk plans to cut Twitter’s workforce by 75%, the Washington Post reports https://t.co/FgNkjoDejt pic.twitter.com/ktOMPUzj99
— Bloomberg (@business) October 20, 2022
“Already, experts, nonprofits and even Twitter’s own staff have warned that pulling back investments on content moderation and data security could hurt Twitter and its users,” the Associated Press reported.
“With as drastic a reduction as Musk may be planning, the platform could quickly become overrun with harmful content and spam — the latter of which the Tesla CEO himself has said he’ll address if he becomes owner of the company,” it claimed.
Elon Musk plans to cut nearly 75% of Twitter’s employee base of 7,500 workers if and when he becomes owner of the social media company, according to a Washington Post report. https://t.co/GYW2GNmBYp
— The Associated Press (@AP) October 21, 2022
Twitter has until Oct. 28 to finalize the deal with Musk to avoid another round in court.
The report regarding the number of employees cut was not confirmed by Twitter or Musk, with much still unknown regarding the company’s new plans.
Regardless of the outcome, Musk plans some major changes at Twitter, seeking to restore greater freedom for all of its users.