New Delhi: Tech billionaire Elon Musk has told Twitter employees that the platform “needs to be healthy” financially and needs to bring down costs, suggesting that if his deal to buy the social media service was If so, there is a possibility of job cuts.
Asked about the possibility of layoffs during an internal Q&A, Musk said “costs outweigh revenues right now,” citing employees, The Verge reported. Read more: After Singapore, India’s UPI, France to accept RuPay cards: All you need to know
“It’s not a good situation,” he said. Read more: Garena Free Fire Redeem Codes for Today, June 17th: View Website, Steps to Redeem
The layoffs for Twitter’s more than 7,000 employees have topped the question since Musk first said he wanted to buy the company.
In an earlier meeting, Twitter CEO Parag Agarwal told employees that layoffs were not being planned “at this time”. Although Musk did not explicitly say whether there would be job cuts, his comments suggest the possibilities are high.
Meanwhile, he also said that employees doing “excellent” work should be allowed to continue working from home.
However, he clarified that he prefers to work in person and would confirm with managers that remote employees were making a positive contribution to the company.
The response came during a virtual all-hands meeting with Twitter employees, during which the Tesla CEO addressed workers for the first time and answered pre-submitted questions read out by a Twitter executive.
The meeting comes amid Musk’s $44 billion acquisition effort.