Elon Musk is expect to take the keys to Twitter by the end of next week keep up a rollercoaster of effectual battle , on-line spats , and complex talks . Regardless of who owns the platform , the social medium giant come out prepare for some severe cuts to its manpower .
That ’s grant to a young story by theWashington Postthat investigated the Twitter takeover through a telephone number of interviews and get documents . Musk reportedly told prospective investors that his takeover of the party would need fire nearly 75 per centum of Twitter ’s 7,500 - stiff men . In response to the media report , Twitter ’s top attorney Sean Edgett emailed employee on Thursday saying the society does not have any plan for layoffs , Reutersreports .
BothMuskand Twitter are aiming to seal off the passel by October 28 follow acontentious negotiation periodthat ’s been strung out for months .
The dealis mark to go ahead by all accounts , but even if it does n’t , the companionship could be heading towards cuts due to a wide economic downturn in the tech industry and beyond , according to the Post .
Musk , for his part , recently saidhe was affirmative about the takeover . While concede that he and his investors have hugely overpay for the platform , he believes it has the long - term potential to greatly outstrip its current value . It ’s uncertain how this will be attain with just a fraction of the workforce , but it ’s cleared that Twitter could see some vast changes in the coming years .
The SpaceX founder hassuggested that he ’s buyingthe social medium platform as part of a bigger plan to build “ X , the everything app ” . Although very few details of this architectural plan have not been publicly discuss , it ’s been speculated that X could seek intake from the “ superintendent - apps ” of China such as WeChat , which incorporate instantaneous messaging , social mass medium , and mobile payments all under one centralised platform .
Others are n’t so thrilled . Last month , there werereportsthe dramatic play of the Musk good deal bring forth blue morale among Twitter ’s ranks , promote mountain of employees to leave their line of work .
The US authorities is also doubtful about the theme of a Musk - owned Twitter . Bloombergreports that the federal government has been looking into ways to refresh this belated venture of the billionaire , advert his stance on the Russian - Ukraine conflict and the potential presence of foreign investors in the consortium .
The drama , as ever , continues .
