Elon Musk is rumoured to be planning a massive layoff at Twitter. According to internal documents and interviews with The Washington Post, Musk told prospective investors in his deal to buy Twitter that he planned to lay off nearly 75% of the company’s 7,500 employees.
Musk’s deal to buy Twitter for $44 billion is expected to close in good faith next Friday, following a months-long legal battle with Twitter. The Post discovered that even if Musk does not buy Twitter, massive layoffs are still possible for the social media company. Twitter’s current management reportedly planned to cut the company’s payroll by about $800 million regardless of the deal, which the Post said would require at least a quarter of the company’s workforce to leave.