Elon Musk’s takeover of Twitter will take around 6 months. There have been rumors for a long time that the billionaire plans to carry out purges in the structures of the platform. It has now been revealed that Musk wants to lay off nearly 1,000 employees by 2023. As the Daily Mail writes, it is mainly about politically engaged left-wing activists.
–
According to Musk’s presentation to investors, the number of Twitter employees will decline from 9,225 to 8,332 in the coming years. However, the billionaire does not intend to reduce the number of jobs permanently. By 2025, the company is expected to employ approximately 2,700 people. Most of the new hires will be in programming. Estimates say that in 2028 people on the social network will work over 11,000. people.
–
Elon Musk considered the idea of shutting down Twitter’s San Francisco headquarters some time ago. He stated that in the transitional period the remuneration of management board members should be reduced. The idea would bring about USD 3 million (approximately PLN 13 million) in profit.
–
Elon Musk plans to increase the site’s revenues. I don’t want to be dependent on advertisers
Personnel changes are not the only direction the American billionaire wants to go. Elon Musk announced that the platform’s revenues will increase fivefold in six years. Currently, Twitter earns about $ 5 billion (about PLN 22 billion) annually. In 2028, it is to be USD 26.4 billion (about PLN 118 billion).
–
The richest man in the world also wants to reduce Twitter’s reliance on advertisers. Advertising revenues are expected to drop to 45%. revenues. Currently, it is nearly 90 percent.
–
The billionaire is considering alternative ways to finance the social platform. One of them would be a subscription model where some users would pay to use the platform. However, Musk emphasizes that this would apply to governments and institutions, not ordinary users.
–
Musk will become the CEO of Twitter. He announced “extending freedom of speech”
In April, Elon Musk signed a contract for the purchase of Twitter for about $ 44 billion (about PLN 196 billion) in cash. He promised to increase the number of users and traffic on the platform. The plans also include cracking down on bots and spammy accounts. Musk has announced that moderation will be limited in order to enable the implementation of the demands related to the freedom of speech.
–
It was revealed on Thursday that the billionaire will temporarily become CEO of a social networking site following the closing of the deal. The American billionaire has announced a reduction in the cost of Twitter Blue, currently available only in the United States, Canada, Australia and New Zealand. It allows you to browse the site in the ad-free version and easily delete your comments.
–
Watch also: Elon Musk’s SpaceX rocket launch. It will deploy 49 satellites in orbit
–
