Elon Musk wants to lay off 75% of Twitter’s workforce

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(Pocket-lint) – Elon Musk reportedly plans to lay off 75% of Twitter’s 7,500 employees if his proposed $44bn takeover goes through – and some could leave even if not not the case.

Elon Musk’s takeover of Twitter is in the news again, and while that might be good news for shareholders, it doesn’t sound like music to the ears of the people who actually work at the company. Indeed, according to a new Washington Post report, Elon Musk has told potential investors that he intends to cut nearly 75% of the company’s workforce.

If the takeover goes through and Musk follows through on his threat, Twitter will see its workforce shrink from around 7,500 to just 2,000.

But while employees can take comfort in knowing the takeover is far from over — and Musk is more than capable of tipping it back into turmoil — the report suggests cuts are expected even if not. it’s not him who’s driving.

The Washington Post reports that Twitter’s current management team has already planned to cut the company’s payroll by about $800 million by the end of 2023, which means about 25% of current workforce would be looking for a new job.

Although there is no information on which teams would be most affected, such a high number of people leaving the company should have an impact on users. Edwin Chen, a former Twitter employee in charge of spam metrics and corporate health, told The Washington Post that such large losses could lead to system outages for the company. They feel that people still in the business might then lack the knowledge to fix things.

A Twitter attorney reportedly sent a note to employees Oct. 20 saying they had no knowledge of Musk’s plans if the takeover went ahead.

Written by Oliver Haslam.