Tesla CEO Elon Musk plans to lay off most of Twitter’s workforce if he turns into the proprietor of the micro-blogging website, in accordance to a report by The Washington Post. Musk is planning to reduce 75 per cent of Twitter staff, the report stated.
However, Twitter stated it has no plans to layoff its staff, responding to the report, which cited paperwork and unnamed sources accustomed to the deliberations.
In July, Twitter stated it had already slowed down hiring amid an financial downturn within the tech business, the place many corporations have introduced latest hiring freezes and layoffs. But eliminating 75 per cent of the workforce poses a danger because the platform might rapidly develop into overrun with dangerous content material and spam. Musk has beforehand said that he plans to get rid of the spam bot accounts after buying the micro-blogging website.
This report comes at a time when each events are engaged in a courtroom battle over the deal. Tesla CEO agreed to purchase Twitter in April however in July, Musk stated he was ‘terminating’ the deal over issues in regards to the quantity of pretend and spam bot accounts. However, the corporate rejected the declare and responded with a lawsuit in opposition to the billionaire in a bid to power the deal to undergo.
The courtroom has given each side till October 28 to work out particulars after Musk agreed to buy Twitter for $54.20 a share. If each events fail to chalk out the small print, there will probably be a trial in November.
