Elon Musk plans to lay off 75% of Twitter staff

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Elon Musk plans to lay off 75% of Twitter staff

Elon Musk is about to buy the social network for 44 billion US dollars.

Elon Musk has planned to lay off nearly three-quarters of Twitter's 7,500 staff if he succeeds in buying the social network, according to information published Thursday by the Washington Post.

The boss of Tesla and SpaceX has indicated to potential investors that he intends to reduce the company to some 2,000 employees, according to the American daily.

The entrepreneur is a priori on the verge of buying the social network for 44 billion US dollars, after months of economic and legal developments.

Even if Elon Musk fails to acquire Twitter, the platform still plans to lay off nearly a quarter of its staff by the end of 2023, Washington Post.

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The whimsical manager had made an acquisition offer accepted by the group's board of directors at the end of April, affirming then that his priority was not profitability, but the defense of the freedom to operate. expression.

He then sought to unilaterally extricate himself from the agreement, accusing the company of lying to him about his fight against automated accounts and spam.

Twitter filed a complaint in early July, and Elon Musk finally assured in early October that the transaction was really going to take place. The judge adjourned the trial, which should have taken place this week, and gave both sides until October 28 to reach a new agreement.

In mid-June, during a question-and-answer session with staff at the San Francisco company, the businessman had stressed that he had ambitions to reach one billion dollars. subscribers – instead of the current 230 million – and to diversify revenue sources.

He also recalled the importance in his eyes of a less strict moderation of content, within the limits defined by law. His design clashes with that of Twitter staff, associations, and Democratic Party leaders, who instead call for social media to do more to combat hate speech, harassment, and misinformation.

His speech revealed the extent of the gap that separates his vision of a business from that which is practiced in Silicon Valley, conquered by teleworking.

Elon Musk thus required people who work for Tesla to work at least 40 hours a week face-to-face, otherwise they would lose their jobs.

Faced with the staff of Twitter, he explained that he wanted to influence the strategic orientations and the improvement of the products. He did not specify whether he intended to make any layoffs, but did mention taking performance into account.

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