Elon Musk prepares a draconian cut to the Twitter workforce. Tesla patron intends reduce it by 75%, going from the current 7,500 seats to around 2,000. A slimming cure – reports the Washington Post – is expected, however, even in the event that Moss should not take control of the company that chirps: in the plans of the current management there is in fact a reduction in payroll for an amount of 800 million dollars by the end of next year, an amount that is equivalent to one third of the employed.
The cutting plan of the current leaders could explain why the management intends to go ahead at all costs with the operation Moss: the passage of the command would in fact avoid painful announcements that risk jeopardizing the company’s ability to fight disinformation and spam. Twitter and Musk are expected to close the deal, as determined by the Delaware court, by Friday 28 October.
The behind-the-scenes negotiations seem to be going ahead quickly after months of legal battle. “For Moss the easy part is buying Twitter, the hardest part is “to solve its problems:” it will take a herculean effort, “he says with Dan Ives, an analyst at Wedbush Securities, with the Washington Post. Musk would have illustrated the potential cuts to Investors: Reductions that show just how radical Tesla’s patron plan is for Twitter, which never hit the profit margins or size of rival media Meta and Snap.
