75% Of Twitter's Workforce Could Be Cut: Report

SAN FRANCISCO, CA — Twitter's 7,500 workers could be slashed down to just over 2,000 in the comping months, according to documents obtained by the Washington Post.

The change is likely to have a huge impact on the company's ability to prevent security breaches and harmful content, the newspaper reported.

Elon Musk, who has a bid on the social media giant, told prospective investors that he planned to cut nearly 75 percent of Twitter's workforce. The company is headquartered in San Francisco.

Regardless of whether Musk acquires Twitter, mass layoffs are still expected. By the end of next year, administrators at Twitter plan to pare the company's payroll by $800 million by the end of next year, according to corporate documents and interviews conducted by the Post.

Read more from the Washington Post: Documents detail plans to gut Twitter’s workforce

Billionaire Elon Musk, CEO of Tesla and SpaceX, and the world's richest man, first offered to buy Twitter for more than $43 billion in April.

In July, Twitter sued Musk after he made a bombshell announcement last week that he was dropping his massive bid to buy the social media platform. In recent months, he reentered that bid.

According to Reuters, Musk said he was excited about the possibility of acquiescing Twitter, but said he felt he was overpaying for the company.

READ MORE: Elon Musk Offers To Buy Twitter For $43 Billion