Elon Musk secured financing for his $44 billion takeover bid of Twitter by pledging to implement layoffs and other cost-cutting measures, according to a report.
by pledging to slash jobs and executive pay, among other cost-cutting measures, according to a report.
The Tesla CEO’s $44 billion buyout offer was accepted by Twitter’s board of directors earlier this week.Musk has tweeted about eliminating the salaries of Twitter’s board directors, which he said could result in about $3 million in cost savings. Twitter’s stock-based compensation for the 12 months ending Dec. 31, 2021 was $630 million, a 33% increase from 2020, corporate filings show.
But he has divulged few details on how he plans to run the company. Musk has vowed to alter the site’s content moderation policy so as to allow for more “free speech.” In trying to secure financing for the deal, Musk said he would cut jobs, though he did not provide specifics, according to Bloomberg News.Twitter CEO Parag Agrawal faced furious staffers during a company-wide meeting on Friday – some of whom demanded to know how the company intended to address a potential mass exodus of workers as the deal with Musk moves forward.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Elon Musk to Slash Twitter Executive Pay, Monetize TweetsEccentric billionaire Elon Musk plans to strip Twitter’s board of directors of their pay, cut executive stipends, and make money off ordinary tweets
Baca lebih lajut »
Twitter exec suggests Elon Musk, other critics are misogynistsA top Twitter executive has suggested that many of the platform’s critics — including soon-to-be owner Elon Musk — are merely misogynists.
Baca lebih lajut »
Elon Musk, Grimes' Baby Daddy, Just Bought Twitter And The Internet Has A Lot To SaySo what's the move now that Twitter is in the hands of this guy? elonmusk elonmuskbuystwitter blacktwitter feministtwitter grimes
Baca lebih lajut »
Twitter Insiders Fear Elon Musk Heralds a Troll TakeoverEmployees and moderation advisers say loosening the platform’s rules would bring on an era of increased toxicity, causing users from marginalized backgrounds to flee.
Baca lebih lajut »
Five reasons the Elon Musk deal to buy Twitter could still fall apartElon Musk’s $44 billion deal to buy Twitter isn't yet complete. Here are the reasons things could still fall apart, from stock prices to Musk's own tweets.
Baca lebih lajut »