It is noted that we are talking about reducing the staff from the current 7.5 thousand people to just over 2 thousand workers.
At the same time, cuts are expected even if the deal fails.
According to WP, Twitter management planned to cut the company's payroll by $800 million by the end of 2023, which means cutting about a quarter of all employees.
Musk had previously notified Twitter of the termination of the deal to buy the company due to the fact that the social network did not fulfill contractual obligations.
After that, the company sued Musk to secure the acquisition of the social network by a billionaire.
It was later reported that US authorities were investigating Musk's handling of the Twitter deal.