Elon Musk intends to reduce Twitter staff by 75%, according to a report

SAN FRANCISCO (AP) — The Washington Post reported on Thursday that Elon Musk intends to fire the majority of Twitter's staff if and when he acquires the social media business.

According to the story, Musk has informed potential investors in his purchase of Twitter that he intends to lay off approximately 75% of the company's 7,500 employees, leaving it with a skeleton staff. Documents and unidentified persons acquainted with the discussions were mentioned by the publication.

An attorney representing Musk named Alex Spiro and the San Francisco-based Twitter did not immediately reply to requests for comment.

Even while job cutbacks were anticipated regardless of the sale, Musk's proposed ones will be much more severe than anything Twitter had in mind. Musk has previously hinted at the necessity to reduce the company's workforce, but he hasn't specified a figure, at least not in public.

According to Wedbush analyst Dan Ives, a 75% personnel reduction would suggest, at least initially, higher free cash flow and profitability, which would be appealing to investors eager to join in on the sale. That stated progress cannot be achieved by cutting corners.

Ives continued by saying that a personnel decrease of this kind would probably cause Twitter to fall years behind.

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