Tech billionaire and world’s richest man Elon Musk is reportedly priming to fire 75% of Twitter staff after the sale is completed.
Prior to his move to purchase the social media app, Musk was already making plans on how to “improve” the platform and company according to him. Now, in a new article by The Washington Post, Elon Musk is plotting to rid Twitter of 75% of its workforce which is about 5,600 individuals. According to his vision for the social media app, a small percentage of employees is necessary.
Between more extensive financial variables and continuous reactions that Twitter has neglected to follow through on its commitment to investors(in some measure, taking everything into account), Twitter was continuously going to manage its labor force. In any case, chopping the staff somewhere around 3/4 isn’t what a great many people had as a top priority. The Post noticed that Twitter previously wanted to cut around a fourth of its labor force — yet leaving a fourth of the labor force is what seems to be a very strong possibility.
However, Elon Musk has garnered the reputation of walking back on his promises and proclamations. Even in this takeover, he had pulled back from his offer and had to be taken to court before resuming his goal to own Twitter. Another possibility is that Twitter might be unable to operate if its staff is cut to the bone and this may influence Musk’s final decision.
There are many areas which the app needs reinforcement in, such as the areas of content moderation and these issues cannot easily be solved with the implementation of an algorithm. Whatever methods he applies in running the company, the threat of layoffs is definitely it a good start and belies the fact that he too may not understand this new “toy” he has decided to purchase.
Regardless, we will all have to see as the deal is expected to be concluded on October 28th.
