{"id":1706207,"date":"2022-10-21T15:48:26","date_gmt":"2022-10-21T19:48:26","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1706207"},"modified":"2022-10-21T16:03:47","modified_gmt":"2022-10-21T20:03:47","slug":"elon-musk-to-fire-75-of-twitters-workforce","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-to-fire-75-of-twitters-workforce\/","title":{"rendered":"Elon Musk to Fire 75% of Twitter&#8217;s Workforce"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Felon-musk-to-fire-75-of-twitters-workforce%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1706207&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/original_Untitled_design_-_2022-10-20T230616.807.jpg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>                Tesla and SpaceX CEO\u00a0<a href=\"https:\/\/thepostmillennial.com\/breaking-twitter-shareholders-vote-in-favor-of-approving-elon-musk-s-buyout-deal\">Elon Musk<\/a>\u00a0reportedly told investors this week that he plans to cut Twitter\u2019s workforce by almost 75 percent should his deal to buy the social media platform close.<\/p>\n<p>According to the <a href=\"https:\/\/www.washingtonpost.com\/technology\/2022\/10\/20\/musk-twitter-acquisition-staff-cuts\/\">Washington Post<\/a>, Musk said he planned to reduce Twitter\u2019s staff from approximately 7,500 to around 2,000 employees, a nearly 75 percent decrease.\u00a0<\/p>\n<p>The billionaire offered to buy Twitter\u00a0in <a href=\"https:\/\/thepostmillennial.com\/breaking-twitter-and-elon-musk-reach-buyout-deal\">April<\/a> but then sought to end the acquisition a few months later, which resulted in a legal battle between him and the company.\u00a0<\/p>\n<p>Earlier this month, Musk <a href=\"https:\/\/thepostmillennial.com\/breaking-elon-musk-agrees-to-twitter-buy-at-54-20-a-share\">announced<\/a> he would\u00a0go through with\u00a0the original deal.\u00a0<\/p>\n<p>The Delaware Court of Chancery has given Musk until Oct. 28 to close the deal, otherwise, the matter will go to trial in November.<\/p>\n<p>According to <a href=\"https:\/\/www.foxbusiness.com\/markets\/twitter-workforce-could-get-cut-elon-musk-report\">Fox News<\/a>, on Tesla\u2019s\u00a0<a href=\"https:\/\/www.foxbusiness.com\/markets\/elon-musk-makes-eye-opening-statements-tesla-earnings-call\" target=\"_blank\" rel=\"noopener\">earnings call<\/a>\u00a0Wednesday, Musk said he was &#8220;excited about the Twitter situation.&#8221;<\/p>\n<p>&#8220;I think it\u2019s an asset that has sort of languished for a long time but has incredible potential,&#8221; he added. &#8220;Although obviously myself and the other investors are obviously overpaying for it right now, the long-term potential for Twitter in my view is an order of magnitude greater than its current value.&#8221;<\/p>\n<p>The Washington Post also reported that Twitter officials have already planned to make the cuts in the event the Musk acquisition doesn\u2019t close and planned a roughly $800 million cut in payroll by the end of 2023.<br \/>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla and SpaceX CEO\u00a0Elon Musk\u00a0reportedly told investors this week that he plans to cut Twitter\u2019s workforce by almost 75 percent should his deal to buy the social media platform<\/p>\n","protected":false},"author":1,"featured_media":1706210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1706207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1706207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1706207"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1706207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1706210"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1706207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1706207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1706207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}