It will take Elon Musk to take over Twitter about 6 months. There have long been rumors that the billionaire is planning to carry out purges on the platform’s structures. It has now been revealed that Musk wants to lay off nearly 1,000 employees by 2023. As the Daily Mail writes, it is mainly about left-wing activists who are politically engaged.
According to Musk’s presentation to investors, the number of Twitter employees will drop from 9,225 to 8,332 in the coming years. However, the billionaire does not intend to permanently reduce the number of jobs. By 2025, the company is expected to employ approximately 2,700 people. Most employees will be new to programming. It is estimated that in 2028 more than 11,000 people will be working on the social network. Persons.
Elon Musk pondered the idea of shutting down Twitter’s San Francisco headquarters some time ago. He stated that in the transitional period, the remuneration of members of the board of directors should be reduced. The idea will bring a profit of 3 million dollars (about 13 million PLN).
Elon Musk plans to increase the site’s revenue. I don’t want to depend on advertisers
Changing employees isn’t the only direction the American billionaire wants to go. Elon Musk announced that the platform’s revenue will increase fivefold in six years. Currently, Twitter earns about $ 5 billion (about 22 billion PLN) annually. In 2028, it will amount to 26.4 billion US dollars (about 118 billion PLN).
The world’s richest man also wants to reduce Twitter’s reliance on advertisers. Ad revenue is expected to drop to 45%. Revenues. Currently, it is nearly 90 percent.
The billionaire is considering alternative ways to fund the social platform. One of them will be a subscription model where some users will pay to use the platform. However, Musk stresses that this applies to governments and institutions, not ordinary users.
Musk will become the CEO of Twitter. Announcing “Expanding Freedom of Expression”
In April, Elon Musk signed a contract to buy Twitter for about $44 billion (about PLN 196 billion) in cash. He promised to increase the number of users and traffic on the platform. The plans also include cracking down on unwanted bots and accounts. Musk announced that moderation would be limited in order to enable the implementation of demands related to freedom of expression.
It was revealed, Thursday, that the billionaire will temporarily become the CEO of a social media site after the deal closes. The American billionaire has announced a cost cut for Twitter Blue, which is currently only available in the United States, Canada, Australia and New Zealand. It allows you to browse the site in the ad-free version and delete your comments easily.
See also: Elon Musk’s SpaceX rocket launch. It will deploy 49 satellites into orbit
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Experience the short working time. Employees do not want to go back to the old system