Elon Musk wants to lay off three quarters of Twitter employees

Elon Musk would like to lay off three-quarters of Twitter employees

UPGRADE DAY

Elon Musk plans to lay off nearly 75% of Twitter's 7,500 employees if he succeeds in buying the social network, according to information published Thursday by The Washington Post. 

The boss of Tesla and SpaceX has indicated to potential investors that he intends to reduce the company to some 2,000 employees, according to the American daily.

The multi-billionaire is a priori about to buy the social network for 44 billion dollars, after months of economic and legal developments.

But even if Elon Musk fails to acquire Twitter, the platform plans to lay off nearly a quarter of the staff anyway by the end of 2023, Washington Post sources say. Twitter did not react immediately to a request from AFP.

The whimsical manager had made an acquisition offer accepted by the group's board of directors at the end of April, claiming that his priority was not profitability, but the defense of freedom of expression.

He then sought to unilaterally extract himself from the agreement, accusing the company of having lied to him about his fight against automated accounts and spam.

Twitter filed a complaint in early July, and Elon Musk finally assured earlier this month that the transaction was really going to take place. The judge adjourned the trial, which should have taken place this week, and gave the two parties until October 28 to reach a new agreement.

In mid-June, during a question and answer session with employees of the San Francisco company, the businessman had stressed that he aimed to reach one billion users – instead of 230 million. — and to diversify sources of income.

He also recalled the importance in his view of a less strict moderation of content, within the limits defined by law. Its design clashes with that of many Twitter employees, associations and elected Democrats, who on the contrary ask social networks to better fight against hate speech, harassment and misinformation.

Its speech had revealed the extent of the gap that separates his vision of a company from that of many Silicon Valley employees, won over by teleworking.

Elon Musk thus demanded that Tesla employees work at least 40 hours a week face-to-face, otherwise they would lose their jobs.

Faced with Twitter employees, he explained that he wanted to influence strategic orientations and product improvements. He did not specify whether he intended to lay off employees, but did mention taking performance into account.