Elon Musk has hinted at layoffs just days after he took ownership of the social media platform Twitter. There are media reports that Musk has asked management to prepare a list of people who could be asked to leave. Earlier it was said that 75 percent of the employees working in the company may lose their jobs. Let us tell you that before Elon Musk purchased Twitter, there was speculation that as soon as he came, he would put people out of their job on Twitter on a large scale.
Billionaire entrepreneur Elon Musk, who completed a US$44 billion acquisition of Twitter on Thursday, has asked managers to compile a list of team members who are known to be known, news agency Bloomberg reported, citing a person with knowledge of the matter. can be given. The person giving information about the case has asked not to reveal his identity.
The New York Times says that the round of layoffs at the company may begin on Saturday. A representative for San Francisco-based Twitter did not immediately respond to a request for comment on Saturday. Concerns have risen over the massive layoffs due to Musk's dealings.
75 percent of people will get jobs?
Potential investors have been told that they will lay off 75% of the workforce. At present, close to 7,500 people work on Twitter. Although Musk later denied that the cuts would be in such large numbers. However, he did not even disclose how many people can be fired from the company.
Musk himself wants to be the CEO
Significantly, Musk has already laid off most of Twitter's leadership team, including its chief executive officer, head of finance, and two senior legal staff. According to people familiar with the matter, he plans to become the CEO in the immediate term.
What is Musk's plan?
In recent weeks, Musk has hinted at his staffing priorities, saying he wants to focus on the core product.
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