Twitter isn’t just a place for censorship of the right and propaganda from leftists and the third world. It’s also a business! And that business is built on lies about how many users there actually are, how real engagement really is, and a lot more.
That being the case, the gigantic bloated workforce is an incredible drag on the company that didn’t turn a profit for the first 12 years it existed.
Musk is dropping what can’t even be called a “literal” fortune, because the amount far exceeds any conceivable definition of the word fortune. A gigafortune. A gargantufortune.
And like investors should have been demanding all along, part of this deal — and the reason it almost went off the rails — is accountability for the board and the executives. Add to that the expectation, again that investors should have been adamant about all along, that the company actually produce money in addition to or instead of it’s main product of evil.
So that means cutting the bloat. BIG TIME.
From The Washington Post:
Elon Musk told prospective investors in his deal to buy the company that he planned to get rid of nearly 75 percent of Twitter’s 7,500 workers, whittling the company down to a skeleton staff of just over 2,000.
And:
Twitter and Musk are expected to close the purchase by next Friday. Planning for the closing is moving forward in apparent good faith after months of legal battles, say people familiar with the negotiations who spoke on the condition of anonymity to discuss internal deliberations. If the deal closes, Musk would immediately become Twitter’s new owner.
It’s going to be real interesting watching the share price over the next 24 hours.
As for the fired employees? Adios. I’d say “learn to code” but it’s obvious from Twitter’s interface that’s a skill out of reach for most of you. But don’t worry, I’m sure there are hundreds of companies just dying to employ people who have done nothing for the last few years but troll tweets looking for conservatives to cancel and ban.
Right?