The Washington Post revealed, this Thursday, October 20, the future plans of Elon Musk if he were to land at the head of Twitter. A huge redundancy plan is already planned.
Elon Musk is the head of Twitter, what would that give? The Washington Post published an article, this Thursday, October 20, detailing the vision of the American billionaire if he managed to acquire the social network from the blue bird.
Although having seen its takeover offer of 44 billion dollars accepted by the board of directors of the group, at the end of April, the file has been floundering since because of economic and legal developments. However, the takeover procedure could be finalized on Friday, October 28, according to the paper from the American media.
Mass layoff plan
After running Tesla, Space X, Neuralink and even PayPal, the 51-year-old businessman is taking on Twitter. First strong measure planned, the dismissal of three quarters of the employees of the social network. The staff is expected to drop to 2,000 employees, while it is currently made up of more than 8,500 people. The Washington Post, however, claims that even if Mr. Musk does not make it to the presidency, Twitter would likely have to fire him over financial concerns.
Thanks to this measure, the native of Pretoria hopes to save 800 million dollars in payroll.
Apart from that, Elon Musk would plan to reduce telecommuting positions. By way of comparison, the multi-billionaire requires his employees at Tesla to work a minimum of 40 hours a week face-to-face, otherwise they risk being fired.
If the boss of the Hyperloop project wants to revolutionize Twitter internally, it is to achieve insane goals. According to Les Echos, he would like to reach “1 billion users on the platform, against 230 million currently”.
Libertarian by nature, Elon Musk also wants to restore more freedom of expression on the social network, by introducing less strict rules.