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Twitter To Lay Off Nearly Three-Quarters of Staff

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Twitter To Lay Off Nearly Three-Quarters of Staff

Twitter To Lay Off Nearly Three-Quarters of Staff

Massive layoffs appear to be on the horizon at Twitter, especially if billionaire Elon Musk completes his $44 billion purchase of the company, the Washington Post reported on Thursday.

While pitching his deal to buy Twitter to investors, Musk said he planned to get rid of nearly three-quarters of the firm’s workers, lopping its ranks to just over 2,000 employees, the Post reported.

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Even if Musk’s deal to buy Twitter fails, a plan by the company to cut about $800 million from its payroll by the end of next year would lead to letting go of about a quarter of its workers, the paper said.

Staff cuts at the San Francisco-based company would likely hamper the platform’s ability to moderate abusive posts or keep data secure, according to the Post, which cited interviews and documents.

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“Once Elon Musk buys Twitter, he can do as he pleases,” said University of Richmond law school professor Carl Tobias.

“And, I think he plans to.”

Twitter was already having trouble making money before Musk came along and “battered it and litigated it to death,” Tobias said.

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