March 25, 2023

Urban Tech Story | Musk plans to lay off three-quarters of employees after acquiring Twitter

Washington postreportTesla CEO Elon Musk, who is preparing to buy Twitter, told potential investors in the deal that he plans tocut offNearly 75% of the employees of this social media company. Even if the deal falls through, massive layoffs are expected, as Twitter’s current management plans to slash the company’s salaries by about $800 million by the end of next year, a figure that would reduce its workforce by about a quarter.

Ewen Eagle

I am the founder of Urbantechstory, a Technology based blog. where you find all kinds of trending technology, gaming news, and much more.

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