It was updated Oct 20.
According to the Washington Post, billionaire Musk plans to downsize his staff by 75% after his deal to take over the social media company closes.
The image of Musk is displayed on a computer screen and the logo is on a mobile phone. Selim Korkutata is a reporter for Anadolu Agency.
Potential investors were told by Musk that he plans to cut the workforce at the micro-blogging site.
In the event that Musk's $44 billion takeover falls through, the company plans to cut around 25% of its workforce, according to the Post.
Critical infrastructure like data centers, which could make it more difficult to police information and defend against security risks, could be included in the company's planned cuts.
Musk and his company did not respond to questions from Forbes.
Musk wants to cut down on the number of fake accounts on the platform. It is not clear if laying off 75% of the company's workforce will conflict with that push.
If Musk doesn't close the deal by October 28, he will face a trial that could force the deal through. A trial was supposed to take place this month, but Musk said two weeks ago he was willing to buy the company at the original price. Musk will control a private company if the deal is completed.
Musk has said that he plans to transform the company to improve its financial situation, but he has not given any details on how that will be accomplished. During a June town hall meeting, Musk said he didn't see a reason to keep low performers. The billionaire told investors that he will triple the number of users who see ads within his first three years of owning the company.
Dozens of major US companies have instituted layoffs this year in response to an economic downturn. The full list can be found here.
We think Musk is the richest person in the world because of his stakes in two companies.
The Washington Post reported on documents detailing plans to gut the workforce of the micro-messaging service.
Microsoft is said to have cut nearly 1,000 employees this year.
Does the platform need as many as 7,500 employees? There is a magazine called "Forbes."
Musk offered to buy the company at its original price.
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