Elon Musk's Planned Twitter Layoffs Is Bad News For Employees And Users – Screen Rant

Elon Musk is close to finalizing his Twitter deal, but one of his first major moves might involve laying off 75 percent of the company’s employees.
As the long-drawn-out legal battle over acquisition between Elon Musk and Twitter appears to be coming to an end, the billionaire aims to turn around the platform’s fortunes by laying off roughly 75 percent of Twitter’s entire workforce. Ever since Musk floated his $44 billion offer to take Twitter private, he has publicly talked about his plans to turn Twitter into a profitable business. Everything from blockchain and fewer ads to monetizing tweet embeds has been discussed as potential plans to boost revenue.
More importantly, Musk has dangled the bait of creating an online free-speech utopia that will attract open dialogue from both the left and right. Those plans also include a willingness to restore accounts like that of former U.S. President Donald Trump, who was booted off the platform for violating the content policies. However, Musk's first target was Twitter’s board, which had handsomely paid members that allegedly made little to no contribution to improving Twitter’s financial status and product value.
Related: Twitter Is Finally Launching An Edit Button: Here's How It Works
It appears that Musk will start his supposed Twitter revolution by laying off most of its workforce. According to internal documents seen by The Washington Post, Musk has told his investor partners that once the acquisition is a done deal, he will lay off around 75 percent of Twitter’s employees. That would leave the company with roughly 2,000 people handling everything from product development and sales to the crucial content moderation. Interestingly, Twitter itself was planning to lay off a quarter of its workforce as part of a payroll budget reduction worth about $800 million, but those plans were reportedly put on hold when Musk came in with a generous $44 billion offer.
Twitter has told employees that the company isn’t aware of Musk’s aggressive layoff plans, but its workforce reportedly responded to the press coverage by expressing dismay, and some even resigned. The acquisition deal is expected to be finalized by the end of next week, immediately putting Musk at the top of Twitter’s command. But Musk’s layoff plans will most likely come in the way of his own ambitions. Starting with the bot problem, Musk was so vexed with Twitter allegedly lying about the bot numbers that he threatened to cancel the deal. Musk often praises Tesla employees for burning the midnight oil, but cutting down the workforce by 75 percent and also expecting the shrinking workforce to solve the bot problem on priority sounds unrealistic.
Musk has thrown numerous ideas in the past few months on how to make Twitter profitable. But in order to make Twitter an attractive option for internet users and investors, he'll need product development to add new features. Yet again, doing so won’t be easy with just a quarter of employees remaining in the office. But the biggest problem is moderation, which sits at the opposite end of Musk’s free speech dream. With the barrier for content moderation lowered — as Musk hopes it will be under his ownership — the floodgates of hate speech, misinformation, and sexual violence content will open like never before. Hoping to control it all, while shrinking the workforce, isn’t going to be a cakewalk. Experts worry that even if AI is deployed for moderation, Twitter will turn into a hellscape, more so than it already is.
Next: Did Donald Trump Encourage Elon Musk To Buy Twitter?
Source: The Washington Post
Nadeem has been writing about consumer technology for over three years now, having worked with names such as NDTV and Pocketnow in the past. Aside from covering the latest news, he also has experience testing out the latest phones and laptops. When he’s not writing, you can find him failing at Doom eternal.


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