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.
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.”
One Twitter employee said, “I don’t want to work for the company I own. @ElonMusk.” That’s good news. He’s going to fire about 75% of you.
— Carmine Sabia (@CarmineSabia) April 26, 2022
In fact, the only people who will leave Twitter are the employees Elon Musk fired to censor freedom of speech.
— Matthew Kolken (@mkolken) April 14, 2022
We see Elon Musk plans to lay off 1,000 Twitter employees. Such a shame … loses all lefties at once.
— Aufee (aka Chestnut Man) (@ChestnutMan4U) May 7, 2022