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A leaked pitch deck plan has revealed that Elon Musk is planning to fire at least 1,000 “woke” staff members from Twitter when his acquisition of the company is complete.
TechDigits According to the leaked pitch deck Musk presented to investors this week, which was obtained by the New York Times, the tech mogul is planning big changes at the company to boost revenue and user experience.
It’s believed he will fire many of the firm’s woke staff following the transfer of ownership which will take around six months, after which Musk is likely to wield the ax. Most of the jobs being shelved would occur during the takeover period.
But then within the next three years, Musk anticipates making thousands of new hires, swelling the ranks to around 11,000 employees, up from 7,500 currently. Much of the new talent is likely to be in the field of engineering.
Twitter’s current anti-free speech CEO Parag Agrawal (below) will likely be one of the first to be fired from the company.
The changes Musk will make are part of his plan to increase Twitter ‘s annual revenue by five times current levels to $26.4 billion by 2028, up from $5 billion last year.
Advertising on the platform is set to fall to 45% of total revenue under Musk, down from about 90% in 2020. By 2028, he plans for ads to generate $12 billion in revenue in 2028, while subscriptions are expected to pull in another $10 billion, according to the report. Musk is said to favor a subscription-based model over advertiser funding, as it would make Twitter less beholden to advertiser pressure.
Musk anticipates Twitter’s total number of users will grow from 217 million at the end of last year to nearly 600 million in 2025 and 931 million six years from now.
Last month, Musk started a poll on his Twitter account – which has more than 81 million followers – asking whether the firm’s San Francisco headquarters should be converted to a homeless shelter as ‘no-one shows up (to work there)’. The poll got more 300,000 votes in an hour, with 90% answering yes.
The billionaire has promised to revitalize the company and expand the number of users by cracking down on spam bots and reducing the amount of moderation to facilitate more ‘free speech’. After the closure of the deal, Musk is expected to become Twitter’s temporary CEO it was revealed on Thursday.
Among his other goals, Musk expects the social media company to bring in $15 million from a payments business in 2023 that will grow to about $1.3 billion by 2028.
Musk has vowed to let everyone say whatever they want on Twitter after his takeover of the social media giant. He is said to favor temporary ‘timeouts’ for users who break the new rules, rather than permanent bans such as those given to Donald Trump.
Musk has also teased at other new features including an ‘edit’ button to adjust previously posted tweets and also making the platforms algorithms ‘open source to increase trust, defeating the spam bots and authenticating all humans.’ That would enable people to see exactly why Twitter had chosen to make some tweets more visible to users than others.
Throughout April, Musk has been suggesting further changes to Twitter’s business model including tweaks to the platform’s premium Blue service, including a cheaper subscription price, banning ads and offering the option to pay in cryptocurrency.
https://barenakedislam.com/2022/05/08/excellent-free-speech-hero-elon-musk-plans-to-shitcan-at-least-1000-far-left-woke-twitter-employees/
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