With the expected takeover of Twitter by billionaire Elon Musk, expansive job cuts are expected.
According to a report from The Washington Post, Musk told potential investors he plans to gut the company’s workforce to the tune of 75%.
However, documents obtained by The Post reveal the company already plans to slash 25% of the current staff by the end of next year, hoping to trim nearly $800 million from the payroll in the process.
Human Resource staffers have repeatedly told workers mass layoffs were not on the horizon, but internal documents show plans to cut staff and eliminate costs related to infrastructure were already underway before Musk made his offer to wholly purchase the social media platform.
After offering to buy the company, Musk reneged his offer in July. After a lawsuit was filed by the company, Musk said he would agreed to the original terms of his proposal.
