Elon Musk Reportedly Planning To Fire 75% Of Twitter's Current Staff After Becoming Owner10/20/2022 Credit to Reuters Article by Haddon Lockyer
Elon Musk, the billionaire CEO of Tesla, is planning to let go of about three-fourths of Twitter employees when his bid to purchase the company is confirmed. According to a Thursday evening report from The Washington Post, Musk has told those interested in investing in the social media giant that he will quickly be making major changes to the company's operations. In fact, Musk reportedly intends to fire 75% of Twitter's 7,500 employees. In the Post's report, sources said that Musk sees mass-layoffs as the first step towards fixing the company. However, Edwin Chen, a former Twitter data scientist, isn't so sure. He told the Post that Musk's move would lead to "a cascading effect" leading to services frequently going down. “It would be a cascading effect where you’d have services going down and the people remaining not having the institutional knowledge to get them back up, and being completely demoralized and wanting to leave themselves." This will likely happen even if Musk fails to successfully purchase the company, however. Twitter executives are already planning to cut at least 25% of Twitter's current staff even without Musk in the picture.
Credit to WIRED Musk and Twitter's board of directors have feuded since May of this year after Musk first offered to pay $44 billion for the company. Musk, an advocate for free speech online, has disagreed with Twitter's board many times over the course of the past two years. However, when popular satirical site The Babylon Bee was suspended from the platform earlier this year, Musk made the decision to attempt to buy the company. Whether or not Musk' succeeds in purchasing the company remains to be seen. However, the billionaire is slowly but surely making progress in the right direction. Have comments? Share them below. Recently, The Informed Youth announced our Insiders initiative. If you become an Insider, you'll get early access to some of our projects, a special "thank you" message from Haddon Lockyer, and more. Plus, you'll be supporting young conservatives. How cool is that? Find out more. The Informed Youth is America's newest conservative source for reliable and factual news, brought to you by the Nation's patriotic young people. Learn more about us by clicking here, and sign up for our mailing list below. If you would like to support our cause, click the Donate button below:
1 Comment
7/23/2023 11:03:43 am
Great post! Please continue sharing informative content.
Reply
Leave a Reply. |