October 27, 2022
1 min read

Won’t cut 75% of jobs, Musk tells Twitter staff

Musk, who visited Twitter headquarters in San Francisco with a sink in his hands late on Wednesday, cleared to the employees that he will not sack so many people…reports Asian Lite News

Tesla CEO Elon Musk has told Twitter employees that he is not going to lay off 75 per cent of the workforce when he takes over the micro-blogging platform.

Reports earlier mentioned that Musk will fire 75 per cent, or 5,600 employees, from the Twitter staff globally.

Musk, who visited Twitter headquarters in San Francisco with a sink in his hands late on Wednesday, cleared to the employees that he will not sack so many people, reports TechCrunch.

Musk has casually mentioned laying off Twitter staff in his tweets, without sharing any figure.

Twitter employees are still anxious about expected staff cuts as part of the takeover, which is likely to be closed on Friday.

According to The Wall Street Journal, banks and lenders have started to send $13 billion in cash backing Musk’s $44 billion takeover of Twitter.

“Once final closing conditions are met, the funds will be made available for Musk to execute the transaction by the Friday deadline,” the report mentioned.

Musk must complete the acquisition by Friday or face the lawsuit at a court in Delaware, as per the deadline given by the judge.

Meanwhile, reports said that Twitter employees had written an open letter to the board of directors and Musk, criticising his plans to lay off 75 per cent of the workforce.

Twitter has told employees in an internal message that they would hear directly from Musk on Friday.

ALSO READ: Musk in soup over Taiwan remarks

Previous Story

IRDAI allows foreign reinsurance branches

Next Story

PISTACHIO GHEE BISCUITS

Latest from -Top News

Hamas Reiterates Peace Effort After U.S. Jab

Hamas Reaffirms Commitment to Ceasefire Talks After U.S. Criticism…reports Asian Lite News Hamas on Friday reiterated its commitment to the ongoing ceasefire negotiations, responding to remarks by U.S. Special Envoy to the

No smoking gun in Epstein files: Trump briefed

Attorney General Pam Bondi briefed Trump and Deputy Attorney General Todd Blanche at the White House in May….reports Asian Lite News US President Donald Trump was informed earlier this year that his

Israel, US recall teams from Gaza truce talks

Steve Witkoff said mediators had made a great effort but “Hamas does not appear to be coordinated or acting in good faith”…reports Asian Lite News Israel and the United States recalled their

Trump presses Fed chief to cut rates

Fed chair pushes back on Trump criticism of renovation costs as president presses central bank to cut interest rates…reports Asian Lite News Donald Trump sparred with the Federal Reserve chair, Jerome Powell,

Dubai turns malls Into fitness zones

Dubai’s Mallathon reimagines shopping centres as fitness zones, encouraging residents of all ages to walk, run, and connect—fostering healthier habits in air-conditioned comfort….reports Asian Lite News In a bold move to blend
Go toTop

Don't Miss

Twitter breaks all records on Queen’s passing  

The day of the announcement on September 8 was the

Twitter’s new feature allows to post long messages

Twitter has increased its character limit over the years from