Elon Musk Plans to Reduce Twitter's workforce by 75% After Acquiring it

After a SpaceX launch in 2020, Elon Musk According to a story published by The Washington Post on Thursday, Elon Musk's proposal to buy Twitter would result in significant job cutbacks in the social media business. The Post reported that citing interviews and papers, Musk has informed potential investors that, as part of his proposal to purchase Twitter for $44 billion, he would lay off over 75% of the company's 7,500 employees, bringing the number of employees down to just over 2,000. According to the Post, Twitter was already preparing to make huge cuts and reduce payroll by around $800 million by the end of the next year. However, the Post reported that Musk's strategy to increase the faltering company's profitability goes far deeper, citing fresh information and recent conversations. Elon Musk, the CEO of Tesla and the creator of SpaceX, chose to move forward with his purchase of Twitter after months of legal disputes sparked by his attempt to back out of a planned acquisition. It will likely close next week, as of today. One data scientist claimed that Twitter users would be more vulnerable to breaches and would be exposed to inappropriate content like child pornography, according to The Post, which claimed that such widespread layoffs would have an impact on the experience for millions of users. Any potential job cuts may be felt by Twitter employees in the Seattle area, depending on the services and job types that are impacted. In 2012, the business opened its doors for the first time. It relocated to a special engineering office with 50 staff members in downtown Seattle in 2014. The number of staff doubled to around 100 a year later. Twitter still occupies two floors in the Century Square building in Seattle, according to a spokeswoman with the real estate company JLL, and the space is not currently on the market for sublease. However, the business implemented a work-from-home policy indefinitely during the COVID-19 pandemic. If you don't show up, we will assume you have resigned, Elon Musk reportedly told Tesla staff in June. Musk might have something to say about that as well. The Post article also lists some of the "Silicon Valley giants" and possible investors who rejected Musk, including Peter Thiel and Reid Hoffman, the creator of LinkedIn. The Post reported that Hoffman assisted Elon Musk in getting in touch with Microsoft CEO Satya Nadella during the fundraising process, citing sources with knowledge of the matter.