Home » today » Business » Has Elon Musk overturned the decision to fire 75% of Twitter’s employees?

Has Elon Musk overturned the decision to fire 75% of Twitter’s employees?

Tell American billionaire Elon Musk, Twitter employees On Wednesday, according to Bloomberg, citing sources seen by Al Arabiya.net, he did not plan to cut 75% of staff after implementing the planned acquisition deal.

Sources said Musk, who plans to end his $ 44 billion deal to buy Twitter on Friday, denied the figure previously mentioned in a letter to employees at the company’s San Francisco office.

The billionaire is still expected to cut staff as part of the takeover, causing concern among workers.

Earlier on Thursday, Musk posted a video of himself walking into the offices carrying a kitchen sink.

He changed his Twitter profile description to read “Chief Twit” or “Twitter Chief”.

On Tuesday, Musk pledged to close the Twitter purchase deal, Bloomberg reported, citing people familiar with the matter.

The report stated that Musk had made this commitment in a video conference with bankers who were helping fund the deal.

The sources said the banks, which will provide $ 13 billion as part of the financing of the deal, have finalized the credit agreement and are in the process of signing the deal, one of the last steps before actually transferring the money to Elon. Musk.

Bloomberg had previously reported that Wall Street lenders, led by Morgan Stanley, were already preparing in recent weeks to finance the deal, but nothing had ever been certain with Elon Musk, the “mercurial” billionaire he had been looking for. a few weeks to withdraw from the agreement. deal.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.