Huge tech companies have employees in tens of thousands of numbers. On the top of the list are Meta, Uber, and PayPal. Meta is the biggest social network by staff size and has more than 83,000 employees. According to the list of biggest tech companies by staff provided by Companies Market Cap is Amazon at around 1.5 million employees. The company that follows is Apple contractor Foxconn with 826,600 employees. In the top five are also Chinese e-commerce giants JD (390,000 employees) and Alibaba (245,700 employees) as well as IBM (282,100 employees). It is important to note that all of these companies employ staff to manufacture physical goods or move them. However, this does not apply to online services specifically social media networking, ride exchanges, media, or financials, that makes the number of their staff smaller by default.
By looking at the size of staff of different tech companies, it is noteworthy that the size of Twitter is comparably small. Recent Data from Companies Market Cap lists 7,500 Twitter employees, which is even less than the number of employees at Spotify. If the company was cut down to the proposed size of 2,000, it would have fewer staff than Groupon, the largely disgraced 2010s coupon juggernaut.
Elon Musk presented his plans to cut nearly 75 percent of Twitters workforce to investors, according to the information that was provided by the Washington Post. The CEO of Space X and Tesla, acquired 9 percent of stakes in the company in April and had agreed to buy Twitter for $44 billion. The recent news says that Musk and Twitter have recently gone back and forth about the deal and have even met in front of a judge to work things out. A final decision by Musk is expected by October 28th, he will either buy twitter for the agreed price or go ahead with the court case.
It is most likely that the staff number of Twitter is going to fall any way even if Elon Musk abandons the sale. The company has plans of a major cut down that would cut around a quarter of jobs according to Washington Post sources. The size of Twitter's own layoff plan indicates the financial problems the company could be dealing with.
Infographic by: statista