Musk Tells Twitter Staff He Doesn’t Plan to Cut 75% Of Jobs
- Billionaire is still expected to make reductions to headcount
- Lawyers and bankers race to complete transaction by 5pm Friday
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Elon Musk told Twitter Inc. employees on Wednesday that he doesn’t plan to cut 75% of the staff when he takes over the company, according to people familiar with the matter.
Musk, whose $44 billion deal for Twitter is on track to close Friday, denied the previously reported number in an address to employees at the company’s San Francisco office, said the people, who declined to be named because the information isn’t public.