The email also states that all employees will receive additional information by Friday morning, California time. It has not been confirmed how many will be affected.
But according to sources of Washington Post if Musk planned to lay off about half of the company’s 7,500 employees.
“We recognize that a number of people behind significant contributions to Twitter will be interested, but this decision is sadly necessary to ensure the company’s future success,” the company’s new management writes in the email.
People who manage to keep their jobs will receive the email sent to their work address. Those who are canceled will be notified by personal email.
“Remember to check the spam filter,” writes the company in the message.
– Overpriced purchase
According to Elon Musk, the richest person in the world Forbes. He is also the head of the Tesla car company and the SpaceX space company.
After six months of mixed messages, he bought Twitter for $ 44 billion last Thursday. That same day, he walked into the company headquarters with a sink in his hand.
“LET THAT SINNK IN”: Elon Musk on his way to Twitter headquarters with a sink in his hand.
Photo: AP
The start of ownership was no less eventful than the acquisition process. Musk immediately dissolved the company’s board of directors and fired several in management.
A financial analyst estimates at Fortune magazine that Twitter’s real value is closer to $ 25 billion. Musk also took out a $ 12 billion loan to finance the purchase, with repayments of around $ 1 billion a year.
– This is one of the most expensive acquisitions in the history of the tech industry, says Dan Ives of investment firm Wedbush at Fortune.
Big companies drop ads
Big companies like General Mills and Volkswagen have suspended advertising on Twitter to evaluate the course the platform will follow under the leadership of Elon Musk.
– We have suspended advertising on Twitter, says spokesman Kelsey Roemhildt of General Mills, whose brands include Cheerios breakfast cereals and ice cream maker Häagen-Dazs, among others.
– As always, we will continue to follow this new direction and evaluate the money we spend on advertising, he adds.
General Motors was previously the first company to temporarily stop advertising on the platform, and according to the Wall Street Journal, automaker Volkswagen, pharmaceutical giant Pfizer and maker Oreo Mondelez have also decided to do the same.
