Tell American billionaire Elon Musk, Twitter employees On Wednesday, he did not plan to cut 75% of the staff following implementing the planned acquisition deal, according to Bloomberg, citing sources seen by Al Arabiya.net.
The sources said that Musk, who plans to terminate his $44 billion deal to buy Twitter on Friday, denied the previously mentioned figure in a letter to employees at the company’s office in San Francisco.
The billionaire is still expected to cut staff as part of the takeover, causing concern among workers.
Earlier on Thursday, Musk posted a video of himself walking into offices carrying a kitchen sink.
He changed his Twitter profile description to read “Chief Twit,” or “Twitter Chief.”
On Tuesday, Musk pledged to close the Twitter purchase deal, Bloomberg reported, citing people familiar with the matter.
The report stated that Musk made this pledge in a video conference with bankers helping to finance the deal.
The sources said that the banks, which will provide $13 billion as part of financing the deal, have finalized the credit agreement and are in the process of signing the agreement, one of the last steps before actually transferring the money to Elon Musk.
Bloomberg previously reported that Wall Street lenders, led by Morgan Stanley, had already been preparing in recent weeks to fund the deal, but nothing was ever certain with Elon Musk, the “mercurial” billionaire who had been seeking just weeks to back out of the deal.
