TECH

Elon Musk: Twitter's new scissorhand

Twitter, which was acquired by billionaire Elon Musk last week, plans to lay off a quarter of its workforce, reports The Washington Post.

Attorney Alex Spiro, a longtime representative for Musk, has led conversations about job cuts, the paper said.

The American company has more than 7,000 employees. If the report is correct, nearly 2,000 employees would have to leave.

Earlier, Musk hinted that he wanted to send 75% of the workforce into the street in an effort to make more profit.

Musk fired Twitter Chief Executive Parag Agrawal, CFO Ned Segal and Chief Legal and Policy Affairs Vijaya Gadde last week.

Reuters reports on Monday that Musk has the European Commission assured that Twitter will adhere to strict European rules for illegal content. The company will comply with the Digital Services Act.

Brussels has warned that Twitter must also comply with EU rules under billionaire Elon Musk's new government.

Companies can expect fines of up to 6% of annual global revenue for violations of the Digital Services Act.

mundophone