Elon Musk, as he is all set to take Twitter in control, shares his intentions regarding the micro-blogging social media platform, and his initial plans are not that positive. Musk Twitter control has been in the news for months, and another piece of news came out on Elon Musk Twitter today that he plans layoffs. Reports say that Musk wants to cut 75% Twitter staff when he takes control of Twitter.
What may Happen after Musk Twitter Control?
As per new reports regarding Musk Twitter takeover, the Tesla chief told the investors who may invest in his purchase that he wants to lay off almost 75% of the employees working for the micro-blogging site. The company has, as of now, 7,500 workers, and there will only be skeleton human resources of two thousand employees after the long-awaited Musk control Twitter thing takes place.
Twitter’s Clarification
After the report on Elon Musk Twitter today, Twitter clarified to its staff that they need not worry as the company has no plans for staff cutting. Twitter employees should sigh at the fact that the company has not only verbally clarified it but added that it already signed a deal regarding layoffs which Elon Musk will receive.
Sean Edgett, Twitter General Council, reportedly sent a mail to the employees stating that the company has no layoffs plan.
Musk on Stuff Reduction
However, rumors about Musk willingness to cut 75% Twitter staff did not start with the news of Elon Musk Twitter today. The wealthiest man in the world himself talked earlier about his plans to cut down the workforce of Twitter, and he added that anyone contributing significantly to the company has nothing to worry.
The Effects of Musk Twitter Plans
The latest report makes it evident there is more in the $44 billion Elon Musk Twitter purchase deal than the company had thought.
The massive planned reduction may lead to overrunning the platform with spam and harmful content after Musk Twitter control happens. The Tesla CEO previously assured that he would take care of the matter related to spam when he owned the micro-blogging platform.
Musk on the Twitter Deal
The whole Twitter deal is long anticipated now, as several talks and reports are coming out constantly on how would Elon Musk control Twitter, among various other matters. The Tesla chief recently said he was excited to become the boss of the top-rated social site even though he was spending a bit too much for the deal. He said that even though the platform has much potential, he felt the investors, including himself, were overpaying.
The Whole Musk Twitter Business
Musk offered to buy the micro-blogging site in April this year and, later in July, wanted to opt out of the deal, with an allegation of the company understating the amount of spam and bot accounts on Twitter. This allegation led the matter to the court. Earlier this month, the billionaire declared he had changed his mind and now wanted to proceed with the Twitter buying deal on its original terms. The original terms included an offer from Musk to pay $54.20 per share.
After the company informed the court about Musk’s decision change, the judge gave the two sides a time until October 28 to work it out themselves. If everything is not sorted out, the court will hear a trial again in November.
Twitter’s Point of View
Letting Musk control twitter was, according to experts, a golden opportunity for the company as it was struggling and planning a reduction of 25% in its workforce along with an $800 million payroll cut by 2023.
More from Musk
It was revealed earlier regarding Musk Twitter control that he has plans to loosen content moderation on the platform and allow returns of removed accounts, including that of Donald Trump, former US president.
