Elon Musk plans to lay off 1,000 Twitter employees and hire more.


The drastic revision provoked mixed reactions from Twitter users. Some see it as a purge, while others see it as a violation of freedom of expression. Tesla executives who took the country by surprise when they took over Twitter are back with another important announcement. Elon Musk plans to lay off about 1,000 employees after completing the Twitter acquisition. Elon Musk expects to lay off many of the company’s current employees following the transfer of ownership, which is expected to take six months. People naturally become dissatisfied.

But here’s something to think about. Elon Musk also plans to hire thousands of additional employees over the next three years, increasing the total number of employees from the current 7,500 to over 11,000. Engineering is also expected to attract a significant proportion of new talent. The company’s number of employees appears to be volatile, rising to 9,225 this year and declining to 8,332 in 2023. By 2025, an additional 2,700 jobs will be employed.

(Photo by SUZANNE CORDEIRO / AFP) (Photo by SUZANNE CORDEIRO/AFP by Getty Images)

Elon Musk’s long-term plans

Elon Musk delivered a pitch deck to investors this week, suggesting that most of the layoffs will come from the acquisition phase, according to the New York Times. At the corporate level, Elon Musk has previously called for an additional $3 million in savings by closing its San Francisco headquarters to cut costs and not paying board members. These changes are part of Elon Musk’s plan to increase Twitter’s annual revenue from $5 billion last year to $26.4 billion by 2028.

How do people react?

When people on Twitter heard the news of the layoffs of 1,000 employees, they expressed their sincere heart. “I think Elon Musk plans to lay off 1,000 Twitter employees,” said one individual. It is a real shame to lose all lefties at once.” Another said, “The only people who will truly leave Twitter are the employees Elon Musk fired for limiting their freedom of expression.” Another Twitter employee claimed that he “does not want to work for a company run by @ElonMusk.” We have good news. He will fire almost 75% of you.”

Shurada

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I am a sophomore in journalism at the KIIT Deemed University School of Mass Communication in Bhubaneswar. Writing and publishing are my dream jobs because I am pursuing journalism. I can write informative articles because the research on my subject is entirely based on my research work and sources. New writers worry that the story has already been told.



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