Midst Elon Muskis for months uncertainty when buying Twitter Inc. TWTRMany employees at the social media giant have reportedly been looking for opportunities at other tech companies, such as: Metaplatforms Inc. META and alphabet inc WELL Google Google.
What happened: Several Twitter employees have left the company to explore opportunities at tech giants like Google and Meta. reported Business Insider citing Punks & Pinstripes.
About 530 Twitter employees have left the company in the last 90 days, up 60% from the previous quarter. Nearly 50 other workers quit this month, the news surrounded Musk buys Twitter started to gain pace.
See also: How to buy Twitter (TWTR) shares
Since the Tesla Inc. TSLA The CEO began buying shares at Twitter, and more than 1,100 employees have left the company, which originally had about 7,500 employees, the report said.
About 30% of employees who left Twitter in the last three months have switched to either Google or Meta. Many employees are also said to have jobs at social media companies such as Pinterest, LinkedIn, ByteDance-in possession tick tockand snap inc SNAP.
Why it matters: That was reported earlier this month Musk plans to dump nearly 75% of Twitter Employee as soon as he takes over the C-suite. It was also said that if Musk doesn’t buy Twitter, the social media platform still plans around $800 million in pay cuts by the end of 2023.
Continue reading: Elon Musk could sell $5bn in Tesla stock next week to fund Twitter deal – but analyst predicts rally after ‘overhang lifts’
