Elon Musk told prospective investors that he plans to eliminate nearly 75% of Twitter’s staff as part of his deal to take over the social media company, the Washington Post reported on Thursday.
Given that wages are almost certainly not just the largest cost but the bulk of all costs:
That would be the way to gain profitability.
Musk wants to reduce Twitter’s 7,500 employees down to a “skeleton staff” of around 2,000 people.
The layoffs will undoubtedly have an impact on Twitter’s daily operations, including its ability to moderate harmful content
Well, there’s a benefit to being a free speech absolutist then…..