Elon Musk Won’t Layoff 75% Twitter Staff

Tesla CEO Elon Musk on Thursday said he wouldn’t lay off 75% of Twitter workers after the completion of the $44 billion deal. Musk denied earlier stories of planning to chop Twitter workers throughout an handle to Twitter workers on the San Francisco workplace. The Twitter acquisition deal can be finalized on Friday, October 28, or else, he could face a continued trial in court docket.

Elon Musk Denies Firing Twitter Staff After the Deal

In a tweet on October 27, Tesla CEO Elon Musk posted a video of him carrying a sink to Twitter’s San Francisco headquarters. He even modified his Twitter bio to “Chief Twit.”

Later, he addressed workers on the $44 billion deal and issues he likes about Twitter akin to empowering citizen journalism. Elon Musk additionally mentioned he doesn’t plan to chop 75% of Twitter workers. Nevertheless, he could lay off some Twitter workers after he takes over the corporate.

The $44 billion deal is predicted to shut on Friday, October 28. In line with a Delaware court docket, Musk ought to full the deal by 5 PM ET or face continued trial within the court docket. Nevertheless, the go to to Twitter HQ signifies his intention to finish the deal earlier than the set date.

In the meantime, a number of crypto leaders together with Ethereum co-founder Vitalik Buterin, MicroStrategy’s Michael Saylor, and Binance CEO “CZ” have expressed issues over the Twitter bot difficulty. Elon Musk has agreed to resolve the spam and bot points on Twitter. Furthermore, he plans to introduce Dogecoin to Twitter.

Dogecoin (DOGE) Value Skyrockets on Deal Getting Nearer

Because of this, Dogecoin (DOGE) value jumps over 21% within the final 24 hours, with the present value buying and selling at $0.079. The 24-hour high and low for DOGE are $0.065 and $0.080, respectively.

Within the final 7 days, the DOGE value has skyrocketed over 32% because the Twitter acquisition deal will get close to. The market cap elevated by 18% and the buying and selling quantity by 200% within the final 24 hours. Whales have additionally moved over $400 million DOGE within the final 24 hours.

Varinder is a Technical Author and Editor, Expertise Fanatic, and Analytical Thinker. Fascinated by Disruptive Applied sciences, he has shared his data about Blockchain, Cryptocurrencies, Synthetic Intelligence, and the Web of Issues. He has been related to the blockchain and cryptocurrency business for a considerable interval and is presently masking all the newest updates and developments within the crypto business.

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