According to The Washington Post, Elon Musk reportedly warned investors he would fire approximately 75% of Twitter's 7,500 employees.
According to The Post, Twitter would be making significant employee losses regardless of Musk's agreement to purchase the business.
Requests for comment regarding the alleged planned layoffs received no immediate response from Twitter.
According to reports, Elon Musk wants to slash Twitter's personnel.
According to internal documents and conversations with Musk, The Washington Post has learned that Musk told potential investors in his attempt to purchase Twitter that he intended to fire approximately 75% of the 7,500 employees of the firm.
Musk's $44 billion proposal to purchase Twitter is anticipated to be finalized in good faith by next Friday, following a protracted legal spat with Twitter.
According to The Post, even if Musk did not end up purchasing Twitter, the social media business would still be facing significant layoffs.
The Post said that regardless of the agreement, Twitter's existing management wanted to reduce the company's payroll by around $800 million by next year, which would require at least a quarter of the present workers to leave.
Twitter and Musk's intentions for layoffs could not be independently verified by Insider, and Twitter could not be immediately reached for comment.
In spite of the fact that a weakening economy is forcing many computer companies to implement hiring freezes and layoffs, no other digital company of Twitter's magnitude has recently let go of such a sizable portion of its personnel.
Layoffs of this kind, according to experts who talked to the Post, could increase the likelihood of hacking and inflammatory content on Twitter.
Twitter's former head of security filed a whistleblower lawsuit against the corporation in August, alleging careless and dangerous cybersecurity practices.
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