Washington Post: 75% of Twitter workers to be laid off

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According to the newspaper, the head of Tesla and SpaceX has informed other potential investors that he intends to reduce the company’s staff to about 2,000 workers.

Elon Musk plans to lay off about 75% of Twitter’s 7,500 employees if he takes control of the company that runs it, according to information published by the Washington Post on Thursday.

The head of Tesla and SpaceX has informed other potential investors that he intends to reduce the company’s staff to about 2,000 workers, according to the newspaper.

The multi-billionaire is close to a deal to buy the social networking site for $44 billion after months of financial and legal wrangling.

Even if Mr. Musk fails to acquire Twitter, executives at the platform plan to lay off nearly a quarter of the staff by the end of 2023, according to the Post’s sources.

The company’s management did not immediately respond when AFP and Reuters asked for comment on the report.

The eccentric Mr. Musk initially proposed to buy Twitter, which the company’s board accepted, in late April, assuring that his priority was not to secure profits but to defend freedom of expression.

He then appeared to backtrack, accusing the company of lying to him about the measures it takes to combat automated accounts and spam.

The company sued him in early July. After all, Elon Musk assured at the beginning of this month that the acquisition will indeed take place. A court adjourned proceedings that were due to begin this week and gave the parties until October 28 to strike a new deal.

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