Although the deal between Musk and Twitter seemed dead, there is new life in it.
However, it is not all good news.
Musk is intent on scaling down and losing the waste within the company.
As such, he plans on laying off almost 75 percent of the company once the deal goes through.
Looming Layoffs
Rather than go to trial, Musk seems intent on pushing the sale through before the October 28 deadline.
He knows he is overpaying significantly if the bots are at the number he believes. Still, in his opinion, the long-term possibilities have the company valued much more than what it is today.
Twitter had already planned on trimming the fat, but not like this.
You can read the full report on Fox Business.
