Innovative and radical Elon Musk has big plans for Twitter; according to viral news reports on his plans for Twitter’s future staffing needs, many users see that it is a plot to reduce the amount of censorship on users and welcome the idea.
Musk made news over the last few months gesturing at plans for staffing layoffs- if he were to buy Twitter, but those cuts are likely to go even deeper than previously imagined.
According to a new report from the left-leaning Washington Post, Musk plans to purge 75% of Twitter’s workforce or around 5,600 employees. If Musk’s vision for a much leaner platform comes to fruition, leaving him with a sliver of what Twitter has now.
“ElonMusk plans “get rid of nearly 75 percent of Twitter’s 7,500 workers, whittling the company down to a skeleton staff of just over 2,000.” Leftists are nervous there won’t be enough staff to censor their political opponents!” Tom Fitton, President of Judicial Watch, posted on Twitter in reaction to the news.
“Musk said he will cut nearly 75 percent of Twitter’s staff if he takes control. The move would drastically affect user experience,” The Washington Post reported on Twitter.
The left is miserable.
“Between broader economic factors and ongoing criticisms that Twitter has failed to deliver on its promise (at least as far as investors are concerned), Twitter was always going to trim its workforce. But cutting the staff down by three-quarters isn’t what most people had in mind. The Post noted that Twitter already planned to cut around a quarter of its workforce — but leaving a quarter of the workforce is a different situation altogether,” Tech Crunch reported in defense of the staff’s feelings, adding:
“It’s totally plausible that the 75% number is just another trick he pulled out of his hat to impress whoever he was talking to, maybe bankers he was courting for the acquisition or the various slavering rich men he texts with. For the sake of Twitter’s already very stressed current workforce, we definitely hope that winds up being the case.”
The deal, which is now back on track after months of ebbs and flows, is expected to close by October 28, just one week away.
.@ElonMusk plans "get rid of nearly 75 percent of @Twitter’s 7,500 workers, whittling the company down to a skeleton staff of just over 2,000." Leftists nervous there won't be enough staff to censor their political opponents! https://t.co/nvMg2UEBtw
— Tom Fitton (@TomFitton) October 20, 2022
Other news reports are spreading the news:
“Musk allegedly informed prospective investors that he plans to slash Twitter’s staff by nearly 75%, according to the Washington Post. The Tesla CEO is expected to cull Twitter’s employee count from 7,500 to 2,000, according to internal discussions and documents,” the Blaze reported, adding:
“The report said that job cuts are expected in the coming months – no matter who owns the company. Twitter’s current management reportedly planned to reduce the company’s payroll by approximately $800 million by the end of next year. That reduction would mean that nearly 25% of the workforce would be cut, according to the report. According to the Washington Post described Musk’s acquisition as a “golden ticket for the struggling company,” and said it could be “potentially helping its leadership avoid painful announcements that would have demoralized the staff and possibly crippled the service’s ability to combat misinformation, hate speech and spam.”
A report in May claimed that Musk told investors that he was going to fire 1,000 Twitter employees, which caused a massive meltdown by leftist staff members.
Elon is firing 75% of twitter staff, so I guess that temper tantrum about working under him was unnecessary. For what it’s worth big layoffs are coming overall, especially for social media giants.
— Jessica Vaugn (@JessicaVaugn) October 21, 2022
Musk has until October 28 to secure financing for the $44 billion purchase of Twitter, per the Delaware Chancery Court judge overseeing the case. Musk said he plans on making Twitter a private company when he takes control of the company.
Musk attempted to back out of the deal to buy Twitter in July, citing a larger-than-expected number of bot and spam accounts on the social media platform. Musk changed his mind earlier this month and planned to proceed with the deal on the original terms – $54.20 per share of Twitter.
More on this story via The Republic Brief:
On Tesla’s third-quarter 2022 earnings call held on Wednesday, Musk admitted that he was paying too high a price for Twitter.
“Although, obviously, myself and the other investors are obviously overpaying for Twitter right now, the long-term potential for Twitter in my view is an order of magnitude greater than its current value,” Musk said.
In May, Musk told investors that he plans to grow Twitter from 217 million users in 2021 to 931 million in 2028. The South African billionaire has a goal of “authenticating all humans.” CONTINUE READING…