Lagatar24 Desk
New Delhi, Oct 21: Twitter’s workforce is likely to experience significant reductions in the coming months regardless of who owns the business. This change is likely to have a significant impact on Twitter’s capacity to regulate harmful content and avert security crises, according to interviews and documents obtained by The Washington Post.
When he announced his intention to purchase Twitter, Musk informed potential investors that he intended to fire almost 75% of the company’s 7,500 employees, leaving just over 2,000 employees.
Big savings are anticipated even if Musk’s Twitter purchase fails, although there is currently little evidence that it will: According to corporate documents and interviews with people familiar with the company’s plans, Twitter’s current management intended to reduce the company’s payroll by about $800 million (roughly Rs. 6,625 crore) by the end of next year, which would result in the departure of close to a quarter of the workforce. The business reportedly intended to make significant changes to its infrastructure, including the data centres that power the website’s more than 200 million daily users.
The size of the cuts, which have not yet been disclosed, sheds light on Twitter managers’ eagerness to sell Musk their stock: Despite being hostile, Musk’s $44 billion (roughly Rs. 3,64,500 crore) bid is a win for the struggling company because it may allow its leadership to avoid painful announcements that would have demoralised the staff and possibly made it impossible for the service to fight spam, hate speech, and misinformation.
Millions of users would probably notice the effects of such layoffs very away, according to Edwin Chen, a data scientist who was formerly in charge of Twitter’s spam and health metrics and is now the CEO of the content-moderation startup Surge AI.
Notably, Twitter and Musk are expected to close the purchase by next Friday.
