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Firings happen whenever a company is sold. It’s the nature of the beast. Sometimes it’s just a matter of minor reorganization. Other times, a company is so plagued by weak employees, middle managers, and executives that a massive purge is necessary. That’s what Elon Musk sees at Twitter.
According to The Daily Mail, Musk wants to fire 1,000 of its 7,500 employees before ramping up hiring in a big way:
Elon Musk is planning to fire 1,000 staffers at Twitter as soon as his purchase of the social media platform is complete. It’s believed he will fire many of the firm’s woke staff following the transfer of ownership which will take around six months, after which Musk is likely to wield the ax. But then within the next three years, Musk anticipates making thousands of new hires, swelling the ranks to around 11,000 employees, up from 7,500 currently.
Much of the new talent is likely to be in the field of engineering. Numbers at the company would fluctuate rising to 9,225 employees this year before falling to 8,332 in 2023. Then adding a further 2,700 workers by 2025. Most of the jobs being shelved would occur during the takeover period, according to a pitch deck Musk presented this week to investors and seen by the New York Times.
But that’s not all he has planned. He believes he can bring Twitter’s revenue from around $5 billion last year to over $26 billion by 2028. How? By reducing dependence on advertising and offering a premium subscription service at $3 per month that he believes will attract 69 million paying users.
Musk is the type of guy who doesn’t believe in going small. That’s part of the reason he’s the richest man in the world. We’ll see how well Twitter is able to adjust to his unique style of management. Perhaps he may find he needs to fire more than 1,000 wokesters.
They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
For us to continue to deliver the truth that Americans need to read and hear, we ask you, our amazing audience, for financial assistance. We just launched a GiveSendGo page to help us pay the bills. It’s brand new so don’t be discouraged by the lack of donations there. It’s a funny reality that the fewer the donations that have been made, the less likely people are willing to donate to it. One would think this is counterintuitive, but sometimes people are skeptical because they think that perhaps there’s a reason others haven’t been donating. In our situation, we’re just getting started so please don’t be shy if you have the means to help.
Thank you and God bless!