Elon Musk plans to fire 75% of the Twitter staff after his purchase | Economy

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 the company, for which he has until the next 28 October, as reported this Thursday Washington Post.

The tycoon expects to lay off around 5,500 employees, leaving a staff of the well-known social network in just over 2,000 workers. Twitter was already hoping to fire 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. Two hours after this information was published in the American newspaper, the company’s lawyer indicated in an internal email that at this time the company was not preparing layoffs.

The cuts will also affect the company’s infrastructure and the data centers that allow the operation of a network that is consulted by more than 200 million users a day. According to experts consulted by the Bloomberg agency, the decision could affect the millions of users of the social network, since the risk of possible hacks and leave community members more exposed to offensive material.

Musk has a date until October 28 to close the acquisition of Twitter if he wants to avoid going to trial 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 action, which would imply a total of 44,000 million dollars (44,880 million euros).

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