According to reports, Elon Musk said that he is planning to lay off nearly 75% of Twitter’s staff as he takes over the social media company.
The reports said that job cuts are expected in the coming months, no matter who owns the company. However, Twitter’s current management has planned to lay off 25% of the staff by the end of next year. The reports, on the other hand, have revealed that Elon Musk wants to reduce Twitter’s 7,500 employees.
It was reported through an internal memo circulated by Twitter said there were “no plans for any company-wide layoffs”. According to the report, Job cuts are expected in the coming months.
Earlier in July, The company said that it had already “significantly slowed hiring” due to the economic downturn in the tech industry.
Human resources staff at the social media company have told employees that they were not planning for mass layoffs, but documents showed extensive plans to push out staff and cut down infrastructure costs were already in place before Musk offered to buy the company, the Washington Post reported.
On the other hand, an American multinational automotive and clean energy company Tesla is scaling up its hiring effort. The company has listed over 6,900 jobs on its career website, with job opportunities ranging from the USA to Europe and South East Asia.
According to reports, hiring is likely to take place in countries such as China, Australia, and New Zealand. The jobs available are in various departments like HR, product engineering, sales, designing, supply chain, vehicle software, and service.
