The Gateway Pundit previously reported that once Elon Musk’s $44 billion transaction for the social network is completed, he will reportedly terminate approximately 75% of Twitter’s staff.
In October, Steve Bannon shared during his sit-down interview with OANN New York correspondent Caitlin Sinclair that he had been informed by reliable sources that Twitter had offered Elon Musk a price cut in exchange for his commitment to two conditions.
“Twitter came back and said, hey, we’ll actually knock a couple of billion dollars off the price if you commit to two things,” Bannon said.
First, Trump and other conservatives that were already banned should not be reinstated. Second, the same management team will continue to be employed.
“My understanding is that Elon Musk was not prepared to do either one and said, NO, the deal is a deal,” Bannon said.
According to the Washington Post, which cited unnamed sources and documents, the mega-billionaire has reportedly informed potential investors in the Twitter deal that he plans to lay off almost 75% of the company’s staff, which would amount to approximately 5,500 employees, in order to reduce the size of its workforce from 7,500 to just over 2,000.
In response to Musk’s plans to fire the bulk of the far-left workforce, the Twitter team released a list of demands for current and future leadership claiming that firing employees “will hurt Twitter’s ability to serve the public conversation.”
They are also worried Elon firing employees “will hurt Twitter’s ability to serve the public conversation.”
I can’t 😂😂😂 pic.twitter.com/qWT5Ydt5m4
— Jason Howerton (@jason_howerton) October 25, 2022
On Thursday, new details emerged indicating that Elon Musk is expected to cut 3,700 Twitter employees or over half of the company’s workforce, to reign in Twitter’s costs, according to the Verge.
The outlet reported:
Employees will receive an email by 9AM PST on November 4th confirming whether they have been laid off or not, according to the internal memo, which also states that employee badge access to Twitter’s offices will be shut off “temporarily.”
“We acknowledge this is an incredibly challenging experience to go through, whether or not you are impacted,” the memo reads. “Thank you for continuing to adhere to Twitter policies that prohibit you from discussing confidential company information on social media, with the press or elsewhere.”
While the memo doesn’t detail how many employees will lose their jobs, Musk is expected to cut roughly half of Twitter’s roughly 7,500-person workforce. His team of outside advisors has spent the last week determining which engineers and technical managers to keep based largely on their recent contributions to Twitter’s codebase, according to employees involved in the discussions.
After employees received the memo confirming layoffs would begin, many began quickly trying to unlink their Twitter accounts from their work email addresses — a company-mandated policy that also requires physical keys for two-factor authentication
Below is the full text of the Twitter memo sent to employees:
In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday. We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company’s success moving forward.
Given the nature of our distributed workforce and our desire to inform impacted individuals as quickly as possible, communications for this process will take place via email. By 9AM PST on Friday Nov. 4th, everyone will receive an individual email with the subject line: Your Role at Twitter. Please check your email, including your spam folder.
– If your employment is not impacted, you will receive a notification via your Twitter email.
– If your employment is impacted, you will receive a notification with next steps via your personal email.
To help ensure the safety of each employee as well as Twitter systems and customer data, our offices will be temporarily closed and all badge access will be suspended. If you are in an office or on your way to an office, please return home.
We acknowledge this is an incredibly challenging experience to go through, whether or not you are impacted. Thank you for continuing to adhere to Twitter policies that prohibit you from discussing confidential company information on social media, with the press or elsewhere.
We are grateful for your contributions to Twitter and for your patience as we move through this process.