The deal between Musk and Twitter is expected to close on Friday of next week, and while the move to lay off so many people may be attractive to investors, since they must pay less salaries, analysts have criticized how he will manage to maintain the operation of such a large social network with so few employees.
“You have to be able to show that if you make those cuts, what happens next?” said ValueEdge Advisors vice president Nell Minow, who is also a corporate governance expert. “What are you going to replace those people with, with Artificial Intelligence?”
It should be remembered that a few months ago, Musk had a meeting with several Twitter employees, where they questioned the businessman about possible layoffs after his purchase and he mentioned that he saw no reason for low-performing employees to continue in the company.
However, Musk himself told investors that his plan is to double Twitter’s revenue in three years, as well as triple the number of monetizable daily users in the same period, something he did not detail how he would achieve.
However, the newspaper cited sources close to the billionaire, who has told his associates that his plan to reduce the number of employees at Twitter is a first step in his strategy, which would involve hiring more “more effective and profitable innovations” workers. , as a subscription service to exclusive content from influential figures.
