Elon Musk plans to lay off nearly 75% of Twitter's workforce, or 5,500 employees 

By sandhya

October 21, 2022

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SSA

Elon Musk could drastically reduce Twitter's headcount after closing his $44 billion deal for the social network. 

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Reps for Twitter and Musk did not respond to requests for comment.

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During Tesla's third-quarter 2022 earnings call Wednesday, Musk said he was paying too much for Twitter.

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Earlier this month he agreed to go ahead with his original $54.20/share offer for Twitter. 5 He tried to get out of the contract for three months.

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"However, in my view, Twitter's long-term potential is orders of magnitude greater than its current value," Musk said.

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According to a Post article, Twitter management plans to cut its payroll to $800 million by the end of 2023.

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This represents a 25% reduction in headcount.

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Wambach, however, leans in the other direction, constantly encouraging the young striker to trust her instincts, as Mia Hamm did for her.

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