Musk wants to fire 75% of Twitter staff

Elon Musk tells prospective investors that, after his purchase on October 28,  he plans to get rid of nearly 75% of Twitter’s 7500 workers, reducing the staff to  2000. Musk has told investors that he plans to double revenue in three years, by reducing costs and tripling the number of users that can view ads.

In June, Musk said he didn’t see a reason low performers should remain employed. Twitter’s top lawyer sent out a note to all employees saying the company did not have any confirmation from Musk about his plans. Human resources staff at Twitter have told employees that they aren’t planning for mass layoffs, but documents show that extensive plans to cut staff and reduce infrastructure costs were already in place before Musk offered to buy the company. Those plans are currently on hold, until after the purchase.