Notice that Elon Musk wants to fire 75% of Twitter employees

The purchase of Twitter by the tycoon Elon Musk could lead to dismissal of a large part of the employees of that famous social network, in order to reduce costs in the short term.

This was revealed by different US media, when there was no a week for the South African businessman to close the deal to acquire the company, a change of 44 billion dollars.

Elon Musk says he’s ‘clearly overpaying’ for Twitter

Currently, some 7,500 people work at Twitterbut according to a report the washington post, Tesla could lay off 75 percent of the entire plant, after having pointed out that he was paying an excessive price.

However, Musk pointed out that the company has “incredible potential” and that in the future it would appreciate even more.

Elon Musk.

The twists and turns between Elon Musk and Twitter

The businessman took a long time to finalize the agreement because the The company lied about the number of bot accounts it had to inflate its weight, while the social network denounced it for making it lose market value.

Why should Twitter trust Elon Musk this time?

Twitter.

The trial was to begin this Monday, although it was postponed since the tycoon ratified the initial offerwhich must be completed no later than the 28th of this month.

Musk has already notified investors that he planned double the company’s revenue in three years and triple the number of daily users who can see ads in the same period.

erectile dysfunction

You may also like

Anna Edwards

Share
Published by
Anna Edwards

Recent Posts

The Great Depression and the industries that grew despite hardships

Introduction: Economic Collapse and Unexpected ResilienceSpanning from the 1929 stock market collapse through the greater…

1 day ago

The largest paper losses in Ponzi scheme history: Bernie Madoff case study

1. Bernie Madoff Investment Securities (United States, 2008)Bernard L. Madoff orchestrated the largest Ponzi scheme…

1 day ago

Corporate secrets stolen: the 10 worst industrial espionage cases

Comprehending Corporate EspionageIndustrial espionage, also referred to as corporate or economic espionage, involves the unlawful…

1 day ago

The 8 pilgrimage routes attracting diverse travelers worldwide

1) The Camino de Santiago, SpainThe Camino de Santiago, frequently referred to as the Way…

1 day ago

The 12 most notorious oil spills and their influence on energy policy

Introduction: The Global Cost of Oil SpillsOil spills rank among the most destructive human-made environmental…

1 week ago

The importance of the UNFCCC’s framework for current climate negotiations

1) United Nations Framework Convention on Climate Change (UNFCCC), 1992The UNFCCC, adopted at the Rio…

1 week ago