Elon Musk plans to cut 75% of Twitter’s 7,500 employees

• According to The Washington Post, Elon Musk told investors he planned to cut nearly 75% of Twitter’s 7,500 employees.
• However, regardless of Musk’s acquisition, Twitter was expected to make significant job cuts, the paper reported.
• Insider reached out to Twitter for comment, but did not receive a response.

Elon Musk looks set to lay off Twitter.

Musk told investors he planned to cut nearly 75% of Twitter’s 7,500 employees, according to internal documents and testimony obtained by The Washington Post.

Musk’s $44 billion acquisition of Twitter is expected to close by October 28.

But even if Musk’s acquisition doesn’t end up happening, Twitter is still eyeing major layoffs, the report said.

Twitter’s current executives said they planned to cut labor costs by about $800 million by 2023, regardless of Musk’s acquisition, and the Washington Post said this means at least a quarter of the workforce will be part of the company. I was told that it means I have to leave.

Insider reached out to Twitter for comment, but did not receive a response.

As the economy slows, many tech companies are halting hiring or cutting jobs. But no tech company of Twitter’s size has made such drastic job cuts in recent months.

Experts interviewed by The Washington Post said layoffs of this magnitude would put Twitter at greater risk of being hacked or facing offensive content on its site. .

In August, Twitter’s former security chief filed a whistleblower complaint accusing the company of neglect and recklessness in its cybersecurity policies.

[Original: Elon Musk reportedly told investors that he planned to get rid of nearly 75% of Twitter’s 7,500 workers]

(Translated and edited by Yoshimi Yamaguchi)