Musk Tells Twitter Employees He Doesn’t Plan to Cut 75% Of Jobs

Elon Musk told Twitter Inc. employees on Wednesday that he doesn’t plan to cut 75% of the staff when he takes over the company.

27 Oct 2022, 11:41 AM IST

Elon Musk, chief executive officer of Tesla Inc., departs from court for the SolarCity trial in Wilmington, Delaware, U.S., on Monday, July 12, 2021. Musk was cool but combative as he testified in a Delaware courtroom that Tesla Inc.'s more than $2 billion acquisition of SolarCity in 2016 wasn't a bailout of the struggling solar provider.

(Bloomberg) -- Elon Musk told Twitter Inc. employees on Wednesday that he doesn’t plan to cut 75% of the staff when he takes over the company, according to people familiar with the matter.

Musk, whose $44 billion deal for Twitter is on track to close Friday, denied the previously reported number in an address to employees at the company’s San Francisco office, said the people, who declined to be named because the information isn’t public.

WATCH: Elon Musk is telling Twitter employees there are no plans to cut 75% of jobs. Ed Ludlow reports.Source: Bloomberg

The billionaire is still expected to cut staff as part of the takeover, causing anxiety among workers. Earlier on Thursday, Musk posted a video clip of himself walking into the offices carrying a kitchen sink. He changed his Twitter profile description to read “Chief Twit.”

Read More about Musk’s visit to Twitter HQ

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