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Elon Musk, the world’s richest man, will lay off nearly 75% of Twitter’s existing shares within months of the acquisition, according to documents obtained by The Washington Post. Staff. In response, Twitter informed employees that there were no company-wide layoffs planned.
According to the report, Musk told potential investors in his Twitter acquisition plan that when he completes the Twitter acquisition plan on October 28, the number of Twitter employees will be slashed from the current 7,500 to more than 2,000. people.
The world-renowned Twitter acquisition has been ordered by a U.S. judge to be finalized by October 28. A U.S. judge gave Musk an ironclad closing date to remove the odds that the massive $44 billion deal would reappear on and off.
Musk, who is also the CEO of electric car giant Tesla (Tesla), just admitted at Tesla’s quarterly earnings call on Wednesday (October 19) that he bought Twitter at an exorbitant price. Excited about the upcoming acquisition of Twitter.
Musk also described Twitter at the time as an asset that had been “gaunt” for a long time. “Me and other investors are clearly buying Twitter at an exorbitant price right now,” he said. “But in my view, Twitter’s long-term potential is much higher than its current value.”
On the morning of October 21, it was reported that earlier today, it was reported that Tesla CEO Elon Musk (Elon Musk) told potential investors in the acquisition of Twitter that Twitter now has 7,500 employees. Many people, he plans to lay off about 75%, leaving more than 2,000 people. In response, Reuters (Reuters) reported late on Thursday, citing a source who saw the email, that Twitter’s general counsel, Sean Edgett, sent an email to employees on Thursday saying there were no plans for large-scale layoffs.
Source: Comprehensive Lianhe Zaobao, Sina.com
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