musk twitter biden checks job cuts

Elon Musk and the endless Twitter saga. The mogul reportedly told potential investors that if he eventually bought the company, he would cut nearly three-quarters of the 7,500 social network employees he tweets. But the Biden administration has focused its attention on this: checks will come.

The richest man in the world would therefore be preparing for massive layoffs once Twitter takes over. The Washington Post reports. According to the American newspaper, these are “much deeper cuts than those proposed by the current management of the company”. And while clouds are gathering over the tweeting social network’s future, in terms of job cuts, the Biden administration is not sitting idly by.

Elon Musk and Joe Biden

The White House, according to the Bloomberg news agency, is considering subjecting some of Elon Musk’s companies to a national security review. Starting with the Starlink satellite network, but including Twitter, if Tesla’s founder buys the company. According to Bloomberg, the US administration is concerned about Musk’s recent threat to shut down Starlink satellite services in Ukraine. As well as tweets from the tycoon about the peace plans he feels must urgently pursue against Putin by making definitive substantial concessions to Russia, for example Crimea.

Twitter, “75% of employees have left”

The news comes after The Washington Post revealed that Twitter’s workforce would be significantly reduced in the coming months. Sources cited by the newspaper say Musk allegedly told eligible investors that the deal to take over the tweeting company calls for the removal of 75% of Twitter’s 7,500 workers. However, hefty cuts are also expected in the event that Musk does not complete the acquisition. The tycoon faces a lawsuit for withdrawing the initial $44 billion takeover bid, and for breaching last spring’s terms.

Photo Ansa

Which, according to Twitter, has seriously harmed society. But in reality, even the current management of Twitter, headed by CEO Parag Agrawal, who succeeded co-founder Jack Dorsey, does not hide its intention to penalize employees. At least in terms of salaries. Indeed, the social network plans to reduce the payroll of employees by about 800 million dollars. This is equivalent – reports the Washington Post – to a third of the workforce. In short, the future of Twitter remains uncertain. Certainly, however – in the event that Musk’s acquisition finally materializes – there is one thing: for the social network most beloved by the political and business elites of the West, nothing will be like before.

Jack Dorsey. Photo Ansa / Epa Hannah McKay