Twitter’s current management wanted to cut the company’s payroll by about $800 million by the end of next year. This would mean that nearly a quarter of the employees would have to leave. Documents show that plans were already in place to get rid of staff before Musk offered to buy the company. The billionaire … Read more
Twitter Inc. is laying off three additional senior executives, including two vice presidents, as the social media firm waits for Elon Musk’s $44 billion takeovers to finish. According to internal documents obtained by Bloomberg, Ilya Brown, VP of product management, Katrina Lane, VP of Twitter Service, and Max Schmeiser, director of data science, are all … Read more
Twitter Inc. is in the final stretch of negotiations about a $43 billion sale to Elon Musk that could rank as one of the biggest-ever leveraged buyouts of a listed company, people with knowledge of the matter said. The social media company is working to hammer out the terms of a transaction and could reach … Read more
