The CEO of Tesla and SpaceX has a date until October 28 to close the acquisition of Twitter if he wants to avoid going to trial with the company.
Euskaraz irakurri: Elon Muskek Twitterreko langileen % 75 kaleratzea aurreikusten du
The CEO of Tesla and SpaceX, Elon Musk, has announced to Twitter investors that he plans to cut almost 75% of the social network’s staff if he finally takes control of it, as reported on Thursday. Washington Post.
Specifically, the tycoon expects to lay off around 5,500 employees, leaving a workforce of just over 2,000 workers currently employed by the social network.
However, in an internal email, the twitter lead attorneySean Edgett, has indicated that the company is not preparing layoffs.
Twitter was already hoping to lay off part of its team due to economic factors, although at no time had it planned to reduce staff by three quarters, according to the aforementioned media.
All in all, the cuts would not only affect the workers, but also the company’s infrastructure and the data centers that allow the operation of the social network.
Musk is dated until next October 28 to close the acquisition of Twitter if he wants to avoid going to court with the company, after which the businessman and engineer expressed his intention to adhere to the original agreement to buy Twitter for $54.20 per share, which would imply a total of $44 billion. dollars (44,880 million euros).
Source: Eitb
I am Michael Melvin, an experienced news writer with a passion for uncovering stories and bringing them to the public. I have been working in the news industry for over five years now, and my work has been published on multiple websites. As an author at 24 News Reporters, I cover world section of current events stories that are both informative and captivating to read.