Even Before Gobbling Up Twitter, Musk Already Wants To Fire 75% Of Its Staff

Elon Musk plans to lay off most of Twitter’s workforce if and when he becomes owner of the social media company, according to a report Thursday by The Washington Post.

Photo Insert: Musk has told prospective investors in his Twitter purchase that he plans to cut nearly 75% of Twitter’s employee base of 7,500 workers.

Musk has told prospective investors in his Twitter purchase that he plans to cut nearly 75% of Twitter’s employee base of 7,500 workers, leaving the company with a skeleton crew, according to the report.

The newspaper cited documents and unnamed sources familiar with the deliberations.

“A 75% headcount cut would indicate, at least out of the gates, stronger free cash flow and profitability, which would be attractive to investors looking to get in on the deal,” said Wedbush analyst Dan Ives.

“That said, you can’t cut your way to growth,” the Associated Press (AP) also reported.

Ives added that such a drastic reduction in Twitter’s workforce would likely set the company back years. Already, experts, nonprofits, and even Twitter’s own staff have warned that pulling back investments in content moderation and data security could hurt Twitter and its users.

WEEKLY FEATURE : MVP Group Keeps Lights On During Pandemic