[Onkel Neal]

Landslide begins!

https://www.washingtonpost.com/techn...ter-elon-musk/

But Twitter’s board — while angry at Musk’s tactics — was ultimately eager for the deal.

Twitter executives were predicting internally that the company would be far off track from revenue targets in 2022, according to documents obtained by The Washington Post, as well as people familiar with the matter, who spoke on the condition of anonymity to describe proceedings.

Twitter’s board was planning to make “drastic” cuts to staff and other services, including cutting roughly a quarter of the budget for third-party contractors who moderate content for the company, major cuts to infrastructure and data centers, and firing thousands of people to shave at least $700 million off labor costs, according to the interviews and documents. One of the leaders who signed off on the layoff notices was Edgett, who was fired Thursday.

Executives also believed that the company would not have easily found other buyers, according to one of the people.

Musk announced his acquisition three days before those layoffs were set to be announced, tabling the plans.