Reports suggest new owner Elon Musk aims to lose 3,800 roles of 7,500 staff with workers to be told as soon as Friday
* Twitter faces murky future as top managers flee the nest
* ‘He is poised to open the floodgates’: can Twitter survive?
A leading Twitter investor has backed job cuts at the company, amid reports that new owner Elon Musk could cut about half the 7,500-strong workforce.
Changpeng Zhao, the chief executive and founder of Binance, said “a slimmer workforce would make more sense” at the social media platform. The cryptocurrency exchange has invested $500m (£441m) in Twitter as part of Musk’s $44bn takeover, which completed last week and has been followed by a stream of changes and mooted overhauls of the company ever since. Continue reading...
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