Massive layoffs could be on the horizon for far-left social platform Twitter in the coming months, regardless of who owns the company, according to documents obtained by the Washington Post. In a presentation to potential investors as part of his takeover bid, Elon Musk reportedly said he planned to lay off 75% of the company’s 7,500 workers.
According to Job, Elon Musk told potential investors in his offer to buy Twitter that he plans to cut its workforce by nearly 75%. But even if Musk doesn’t take over the company, Twitter plans to cut nearly a quarter of employees due to a massive payroll cut.
Through the Washington Post:
Elon Musk told potential investors in his deal to buy the company that he planned to get rid of nearly 75% of Twitter’s 7,500 employees, reducing the company to just over 2,000 employees.
Even if Musk’s Twitter deal fails – and there’s little indication now that it will – big cuts are expected: Twitter’s current management plans to slash the company’s payroll by around 800 million by the end of next year, a number that would mean the departure of almost a quarter of the workforce, according to social documents and interviews with people familiar with the company’s deliberations. The company also planned to make major cuts to its infrastructure, including the data centers that keep the site running for the more than 200 million users who log in every day.
The Job clearly spells out the main concern of the mainstream media with such cuts: that they could “[cripple] the service’s ability to combat misinformation, hate speech and spam.
A mail-obtained email sent to all employees by Twitter’s top lawyer, Sean Edgett, says the company’s “cost savings discussions,” involving the potential $800 million payroll cut dollars, were put on hold due to Musk’s continued attempt to acquire the company.
The news comes amid a broader tech industry slump, with Facebook recently announcing a hiring freeze and Amazon closing all but one of its US-based customer call centers.
Allum Bokhari is Breitbart News’ Senior Technology Correspondent. He is the author of #DELETED: Big Tech’s Battle to Erase the Trump Movement and Steal The Election.