Once Elon Musk’s $44 billion transaction for the social network is completed, he will reportedly terminate approximately 75% of Twitter’s staff, which equals 5,500 employees to reduce the size of the workforce to over 2,000, Washington Post reported.
Earlier this month, Steve Bannon shared during his sit-down interview with OANN New York correspondent Caitlin Sinclair that he had been informed by reliable sources that Twitter had offered Elon Musk a price cut in exchange for his commitment to two conditions.
“Twitter came back and said, hey, we’ll actually knock a couple of billion dollars off the price if you commit to two things,” Bannon said.