Although executives at the social networking site’s human resources department have assured employees that no layoffs are planned, documents show that plans were in place to shed workers and cut infrastructure costs before Mr. Musk proposed the takeover.
Management at Twitter Inc has reassured workers, saying no layoffs are planned following a deal to buy it from billionaire Elon Musk, despite a Washington Post report that the eccentric entrepreneur plans to cut staff by 75 percent. .
The company’s legal counsel, Sean Edgett, he pointed out in an email to employees that layoffs are not planned, according to sources who read it.
The Post wrote yesterday that the head of Tesla and SpaceX has informed other potential investors that he means to reduce the company’s staff to about 2,000 workers, from 7,500 today.
Thousands laid offs will take place in the coming months, regardless of who will be the owner of the company, always according to the newspaper. The current administration already had a purpose to reduce labor costs by about $800 million by the end of next year, which means it will lay off about a quarter of its workforce, according to the report.
The management of the company he did not answer immediately when AFP and Reuters news agency asked her for comment on the report.
Although executives at the social networking site’s human resources department have assured workers that no layoffs are planned, documents show that plans were in place to shed workers and cut infrastructure costs even before Mr. Musk proposed the takeover, according to the newspaper.
The entrepreneur is very close to finalizing the deal to buy the social networking site for $44 billion, after months of financial and legal entanglements.
The quirky Mr. Musk he originally suggested to buy Twitterwhich the company’s board of directors accepted at the end of April, assuring that its 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 ghost accounts and spam.
The company appealed against him in court in early July. Finally, Elon Musk assured at the beginning of this month that the acquisition will indeed take place. A court adjourned proceedings that were due to start this week and gave the parties until October 28 to close the new deal.
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