Saturday, November 26, 2022

Musk wants to lay off half of the Twitter workforce

by admin
0 comment

New boss clears deadline tomorrow Friday

Elon Musk wants to lay off half of the Twitter workforce

No stone has been left unturned on Twitter since Elon Musk (51) has been in charge of the short message service. The multi-billionaire believes he can do without half the workforce.


Celebrating before the mass layoffs: Musk at Heidi Klum’s Halloween party.

Twitter boss Elon Musk (51) has already cleaned up the executive floor, now he sweeps through the rest of the floors with an iron broom. According to media reports, Musk wants to fire half of the workforce. Specifically, 3,700 of the 7,500 Twitter employees are said to lose their jobs. In the run-up it was even said that 75 percent would have to go.

Those affected should receive the bad news this Friday. Musk urgently needs to cut costs at Twitter because he believes he paid too much money for the acquisitions. The price of $54.20 per share agreed in April for the purchase has since fallen significantly. Therefore, the multi-billionaire wanted to withdraw from the deal several times, but was finally forced by Twitter to pay the agreed price.

Related News

Latest Switzerland News and updates and political news, follow our daily update about the congress and the government roundup, we also provide the latest news from all over the world minute by minute, subscribe to get the latest updates directly to your inbox.

© 2022 All Right Reserved. Switzerland Times