It has been revealed by Elon Musk that he has terminated the employment of more than eighty percent of Twitter’s total workers so far. After the billionaire’s takeover of Twitter in October of the previous year, there have been repeated rounds of layoffs as a result of the $44 billion acquisition.
Musk revealed this information during an interview with the BBC on Twitter Spaces. He stated that out of the approximately 8000 people who had previously worked at Twitter, there are now only 1,500 people in active employment there.
Everything you need to know about Elon Musk and Twitter!
Musk asserts that there were somewhat fewer than 8,000 staff employees working for the company when he purchased it. Around 1,500 people are still employed at Twitter at this time. Elon Musk was also questioned if it was difficult to fire that many people, to which he said, “not enjoyable at all” and that it may be “painful”. Musk also asserted that he does not personally dismiss everyone. It’s impossible to speak with that many individuals in person, he remarked.
Elon Musk claims that his time spent working at Twitter has been “such a rollercoaster,” but that things are currently “pretty well.” Yet, Musk claims that the only reason he purchased Twitter was due to the necessity of doing so. However, he indicated not too long ago that Twitter is not even worth half of what he paid for it, which comes to a price of around $20 billion for the company as a whole.
In spite of this, Elon Musk has made it clear that he has no intention of selling Twitter, even if another party were to give him $44 billion for it. In a further explanation, he stressed that he would only sell it under the condition that the buyer would agree to expose the “truth” in the same manner as Musk. This was the only way that he would consider selling it.
