Elon Musk wants to drastically cut Twitter’s payroll. A situation that, according to the specialist, will quickly become unmanageable for the platform.
Twitter is reportedly gearing up for a wave of layoffs, whether Elon Musk buys the company or not, which could happen as early as today, according to a report in The Washington Post.
Elon Musk wants to drastically cut Twitter’s payroll
On the one hand, Elon Musk has already told potential investors that he intends to lay off 75% of Twitter’s 7,500 employees once the takeover is complete. security for its users.
On the other hand, internal documents obtained by The Post show that prior to the American multibillionaire’s takeover bid, the company’s current management planned to “cut the payroll”by about $800 million, a more modest 25% cut. his payroll, causing “only”1,900 people to be laid off. This will be accompanied by “major”infrastructure cuts and data center closures. The plans were scrapped “after the takeover agreement was signed,”according to the company’s legal director, Sean Edgett, according to Bloomberg News.
A situation that, according to the specialist, will quickly become unmanageable for the platform.
Elon Musk’s planned layoffs will be “unimaginable,”according to statements made to The Post by Edwin Chen, a data engineer and former head of spam and health assessment at Twitter. “It’s going to be a domino effect: the departments will fall apart and the people who stay, who won’t have the knowledge to put them on their feet, and who will end up completely demoralized and want to leave on their own.”
Asked about possible layoffs during a Twitter City Hall meeting in June, Elon Musk spoke out in favor of downsizing, saying he doesn’t understand why underperforming or underperforming employees should stay on board. Elon Musk has also repeatedly called for easing moderation on the platform and the ability to reactivate suspended accounts.