‘Chief Twit' Elon Musk To Sack Twitter Employees? Scary? Here Is Truth

Elon Musk is all set to take over the company and employees are running scared.

Elon Musk's $44 billion deal for Twitter is on track to close. (REUTERS)

Elon Musk told Twitter Inc. employees on Wednesday that he doesn't plan to cut 75% of the staff when he takes over the company, according to people familiar with the matter.

Musk, whose $44 billion deal for Twitter is on track to close Friday, denied the previously reported number in an address to employees at the company's San Francisco office, said the people, who declined to be named because the information isn't public.

The billionaire is still expected to cut staff as part of the takeover, causing anxiety among workers. Earlier on Thursday, Musk posted a video clip of himself walking into the offices carrying a kitchen sink. He changed his Twitter profile description to read “Chief Twit.”