Elon Musk told investors he wants to cut 75% of Twitter's personnel, the Washington Post reported Thursday. The research, citing interviews and documentation,
predicts job cutbacks regardless of corporate ownership.
Musk's aspirations, assuming he takes over Twitter, come at a difficult time. In July,
the business stated it had "substantially curtailed recruiting" amid a tech sector economic crisis, when numerous companies have announced hiring freezes and layoffs.
Bloomberg reported Thursday night that Twitter has no plans for company-wide layoffs.
The Musk purchase scandal has lowered morale and caused mass resignations.
Musk sought to back away from the $44bn acquisition agreement before changing course last month and said he would go through with it.
While Twitter's present management expected to lay off 25% of the personnel by the end of next year, Musk intends to decrease Twitter's 7,500 employees to about 2,000.