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Elon Musk May Not Find Employees to Fire When He Becomes Twitter Manager: Hundreds of Employees Turn to Competitors in Just a Few Months

  • October 28, 2022
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The richest person in the world Elon Muskis on the agenda recently because of what happened to Twitter. The CEO of Tesla and SpaceX first announced in April

The richest person in the world Elon Muskis on the agenda recently because of what happened to Twitter. The CEO of Tesla and SpaceX first announced in April that they would buy the platform for $44 billion. It was pulled from the deal later in July due to spam accounts. Twitter then also sued the well-known entrepreneur. Two weeks ago, Musk renewed the $44 billion offer and wanted to buy the platform again.

During all these events, a few days ago, some interesting information came out. As reported by The Washington Post, Musk’s employees when he bought Twitter lay off 75% seemed planned. However, the new data showed that most Twitter employees have already started leaving the company, and if the acquisition takes place, Musk may not be able to find employees to fire.

In the past 90 days, 530 Twitter employees have left the company and moved to other tech giants such as Google and Meta.

According to a report by Greg Larkin and Elizabeth Gafford of Punks & Pinstripes; Hundreds of Twitter employees left the company during the months-long conflict between Musk and Twitter. The company collected and reached LinkedIn data and revealed how many employees the company lost.

Latest by data 530 employees in 90 days The Twitter employee left the company and moved to other companies. It was also found that these employees preferred other technology companies. This rate is higher than the previous three-month rate. 60% more That should also be noted. In addition, this month, when the probability of purchasing Musk increases. 50 more people It was seen that he left the company.

More than 1,100 of Twitter’s 7,500 employees have left since Musk began buying stock in the company in January. Data shows that 30% of leavers are other tech giants Google and Meta He also showed that he prefers On the other hand, others have turned to other platforms, including Pinterest, LinkedIn, Snap and TikTok. Greg Larkin, CEO of Punks & Pinstripes, added that Twitter employees are transitioning to start-ups.

Larkin told Business Insider: “The results, the uncertainty between Elon Musk and Twitter are causing top talent to turn to other social media platforms.” used his statements.

Employees worried Musk would buy the company

We can say that this move by Twitter employees is no surprise. As we mentioned earlier, Musk wanted to lay off a significant portion of these employees if he bought the company. Employees at Musk forced to return to the office probably too. The billionaire also went to such a practice at Tesla. It would also not be wrong to say that if the famous entrepreneur buys Twitter, he can remove CEO Parag Agrawal from his seat.

Another report published in September also showed similarities with the new data. This news shared by Business Insider Concerns about the purchase of Musk He revealed that is why he left the company.

As a result, we can foresee that these layoffs could affect Musk’s plan. We’ll see what happens in the coming days. Musk’s Twitter has until Friday to finalize the deal. Failing that, the parties will face each other in court in November.

Source: Web Tekno

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