Elon Musk Fired 80% of Employees; Says Running Twitter is ‘Painful’

Elon Musk claimed on Wednesday that he had no choice but to purchase the microblogging service Twitter and admitted that doing so has been “quite painful.” In a BBC interview, Musk claimed that since he paid $44 billion for the service last year, marketing firms have either returned or indicated that they would.

Musk added that the company now employs 1,500 fewer people than it did when he took over, from slightly under 8,000. He claimed that letting someone go is “absolutely not fun” and occasionally “painful.”

After the takeover, Musk made significant modifications to Twitter. He has dismissed entire squads, which includes the team in charge of external communications. In some situations, layoffs occurred suddenly, locking folks out of their work email accounts. In the interview, Musk acknowledged this and stated he doesn’t dismiss everyone in person.

80% Layoffs So Far!

More than 80% of Twitter’s entire workers have been sacked thus far, Elon Musk has acknowledged. After acquiring control of Twitter for $44 billion in October of the previous year, the billionaire initiated several waves of layoffs. Musk revealed that only 20% of the workers from Twitter are still working for the organization, in an appearance with the BBC on Twitter Spaces.

When he acquired the business, according to Musk, there were “just under 8,000” employees. There are now about 1,500 people working for Twitter.

Musk Not Ready To sell Twitter!

Elon Musk asserts that things are “reasonably well” and that his time at Twitter has been “quite a rollercoaster.” Musk, though, asserts that he had no choice but to purchase Twitter. In recent years, he also declared that the social network is only worth $20 billion, or about half of the amount that he spent on it.

Despite this, even if someone offered Elon Musk $44 billion, he would refuse to sell Twitter. Later, he clarified that he was prepared to sell it provided the buyer agreed to communicate the “truth” in a similar manner as Musk.