Elon Musk told Twitter employees on Wednesday that he does not plan to lay off 75% of employees when he takes over the company, Bloomberg reports, citing “people familiar with the matter.”
This is a reversal from what Musk reportedly said last week. The celebrity boss denied the previously reported number when he addressed employees at Twitter’s San Francisco office on Wednesday.
“Chief Twit” as his Twitter profile now describes, posted one video of himself walking into Twitter headquarters before the meeting with a sink that read, “Let it sink in!”
Musk has casually mentioned laying off employees when he takes over Twitter, a $44 billion deal expected to close on Friday. But immediately losing 75% of Twitter’s workforce, or about 5,600 employees, would likely render the social media company useless.
Twitter employees remain anxious about expected staffing cuts as part of the takeover, according to the report.