New Delhi: The world’s richest man, Elon Musk, is intensifying his efforts to acquire Twitter after the deadline given by the court ends on the 28th of this month.
Lawyers and bankers from both sides, Elon Musk and Twitter, are actively involved in this work. This is the biggest deal worth nearly 3.65 lakh crore rupees. Hence, the whole world is watching this acquisition closely.
Apart from these, there are also reports that Elon Musk plans to send 75 percent of the company’s employees home after Twitter comes into his hands.
The Washington Post has reported that Elon Musk has informed investors that it plans to lay off 75 percent of the company’s 7,500 employees.
One side warns that excessive layoffs will set the company back.
Another side says that such austerity measures will be conducive to Twitter’s growth and will instill confidence in investors. It is noteworthy that Elon Musk will face court action in November if the deal is not completed by the 28th.
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