Elon Musk’s ideas for operating Twitter appear to be very different from what he initially suggested when he first decided to buy the business in April.
Early on following the agreement, Musk reportedly presented investors with a visionary strategy for Twitter that directly conflicts with a recent story about his intention to fire employees in bulk.
In a pitch deck that was obtained by the New York Times in May, Musk outlined his plans to increase Twitter’s workforce from 7,500 to 11,072 by 2025.
Less than six months later, according to The Washington Post, Musk wants to cut the number of employees at Twitter by about 75%, to only 2,000.
Insider’s request for comment received no immediate response from either Twitter or Musk.
According to Morningstar analyst Ali Mogharabi, there hasn’t been enough change in Twitter’s business to support Musk’s abrupt adjustment in workforce projections. However, outside variables can be at fault.
“A lot has changed outside the business since Musk first spoke with Twitter employees. The uncertainty around the macro environment has certainly increased,” Mogharabi said, referring to the slowdown in the overall economy.
