But I suspect Elon Musk will soon discover that it’s not enough to cut Twitter’s staff in half.
Elon Musk will ax “around 50%” of Twitter’s staff within the next few days, according to a new report. The immediate terminations could save the new Twitter CEO significant money.
Just days after Musk’s goliath $44 billion acquisition of Twitter, a massive amount of layoffs for the big tech company could arrive as early as Saturday. There could be job cuts of “about 50%” of Twitter’s 7,500-person workforce, according to a report from the New York Times.
“I was told to expect somewhere around 50% of people will be laid off,” Ross Gerber – CEO of Gerber Kawasaki Wealth and Investment Management – told the New York Times. Gerber said he was informed about the layoffs by Jared Birchall – the head of Musk’s family office.
A report from last month claimed that Musk was going to cut Twitter’s staff by nearly 75%. On Wednesday, Musk told Twitter employees that he doesn’t plan to fire 75% of the workforce, according to Bloomberg.
Apparently a substantial amount of bonuses will vest on Tuesday, November 1, so it would make sense to make it a very unhappy Halloween for soon-to-be former Twitter employees.
But I wouldn’t get even remotely excited about the coming changes at Twitter. It’s just moving from Insane Hard Globalist Left to Sane Moderate Globalist Left. It’s still enemy ground run by a corporate celebrity ticket-taker.