Twitter official verified account, mobile app on screen smartphone, iPhone macro. Twitter is a social media online service for microblogging and networking communication. Moscow, Russia – January 23, 2021
Elon Musk prepares to complete the Twitter acquisition. Confirmation of the operation should arrive later this week. Meanwhile, Musk met with some employees at the San Francisco office to confirm the intention not to lay off 75% of the workforce of the social network despite the economic difficulties that emerged. Here are all the details on the matter:
Elon Musk does not intend to lay off 75% of Twitter employees after the acquisition
Musk is expected to complete the $ 44 billion Twitter acquisition by the end of the week. In the meantime, as reported by Bloomberg, the number of Tesla and the next number one of Twitter has confirmed to some employees in the social network, met at the San Francisco office, that it does not intend to fire 75% of the staff (equal to more than 5 thousand workers). The possible mass layoffs had emerged from some reports over the past few days. For the moment, the project seems to have been denied.
At the moment, Musk’s plans for the future of social media are not yet clear. Certainly, over the next few months there could be cuts in the workforce, with an optimization of activities. In any case, it will be necessary to wait for the operation to be completed to find out more. As previously mentioned, Musk should define the acquisition very soon.