Elon Musk Twitter Deal: This is Elon Musk's plan for layoffs in Twitter, working on these plans

New bass Elon Musk is preparing for a big change after acquiring the world's leading social media company Twitter. A recent report claimed that Musk is going to lay off jobs at Twitter on a large scale. Work on this has also started on Saturday.

The news agency PTI told in its report that people related to the matter say that the managers were asked to remove the list of such people who can be fired. At the same time, an earlier report claimed that after the acquisition of Twitter, Musk could reduce the staff of the company by about 75 percent. Twitter currently employs close to 7,500 employees.

Twitter may layoff before November 1

It was told in the report that layoffs in Twitter could happen before November 1. The big reason behind this is that on November 1, all the employees of the company are going to be given stock grants. Stock grants form a major part of employees' salaries. Musk doesn't want to give these to employees.

Musk has made a big promise to Twitter investors

According to the report, Musk has made several promises to investors while raising funds to acquire Twitter. Musk has told investors that options will be worked out to make Twitter a private company, cut staff, change rules and increase earnings.

Big officials including CEO Parag were fired

Following Twitter's acquisition, Musk removed CEO Parag Agarwal, legal executive Vijaya Gadde, chief financial officer Ned Segal and general counsel Sean Edgett.