Tesla CEO Elon Musk, who is preparing to buy Twitter, told potential investors in the deal that he plans to lay off nearly 75% of the social media company’s workforce, The Washington Postreported . Even if the deal falls through, massive layoffs are expected, as Twitter’s current management plans to slash the company’s salaries by about $800 million by the end of next year, a figure that would reduce its workforce by about a quarter.
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