Twitter Takeover: Elon Musk Reportedly Planning to Fire Over 3500 Employees

• The world's richest person, Elon Musk, took control of Twitter after sealing a whopping $44 billion in October 2022
• Musk is expected to reduce half of the giant social media site after firing top executives on Thursday, October 27
• The new Twitter CEO want employees on remote contracts to report back to the company offices across the world

Tesla, Space X and now Twitter CEO Elon Musk is expected to announce new changes to the Twitter workforce by Friday, November 4.

The changes will include shelving half of the company's employees to reduce operational costs.

Musk's to abolish working from home

According to Bloomberg, musk will reverse the work plan requiring remote employees to report to the office.

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Musk says may take 'weeks' for banned Twitter accounts to be restored

The world's richest man, Elon Musk acquired Twitter for a whopping $44 billion deal in October 2022.

Musk took control of the giant social media site, instituting changes to its management and terms of service.

He directed Twitter employees to change the Twitter Blue checkmark verification by November 2022 to a pay-plan system.

Musk's plan to reduce costs of Twitter operations

Musk is waiting for directions from his advisors, which can see the workers given 60 days' worth of severance pay.

The tech billionaire claimed the Twitter deal cost him a lot of money and he is finding new ways to generate revenue.

Musk took over the company with a net income of around $1.3 billion, which is in the red zone, according to CNBC.

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Musk announces $8 monthly charge for verified Twitter accounts

Twitter's revenue amounted to about $25 billion for the period between 2010 and 2021.

Elon Musk Ignores Fans Who Begged Him for Job on Twitter

Meanwhile, YEN.com.gh reported in a separate story that shortly before buying Twitter Elon Musk ignored some of his fans who had been bugging him for a job.

One fan tweeted at the Tesla CEO, saying that he built apps that were bought by companies like Meta, the parent company of Facebook.

Another said he will turn the company around as VP, Product Officer, but the billionaire has ignored them.

Source: TUKO.co.ke