SAN FRANCISCO (KRON) – Elon Musk told investors that he plans to get rid of 75% of Twitter’s 7,500 person staff, if he acquires the company, according to a report in The Washington Post.

The report was based on documents and anonymous sources. The reporting also stated that the San Francisco-based company had planned to make big cuts anyway: $800 million by the end of 2023, including a quarter of the company’s workforce.

This isn’t the first time Musk said he wanted to pair down the social media giant.

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He reportedly said in June to Twitter employees that while “anyone who is a significant contributor should have nothing to worry about.” Nonetheless, he wanted to rationalize the headcount of employees.

Getting rid of 75% of Twitter’s workforce would mean firing about 5,500 people.