San Francisco, June 17 (IANS) Tech billionaire Elon Musk has told Twitter employees that the platform "needs to get healthy" financially and bring down costs, suggesting that job cuts are likely in store if his deal to buy the social media service goes through.
When asked about the possibility of layoffs during an internal Q&A, Musk said "Right now costs exceed revenue," citing employees, The Verge reported.
"That's not a great situation," he added.
The question of layoffs has been top of mind for Twitter's more than 7,000 employees since Musk first said he wanted to buy the company.
In an earlier meeting, Twitter CEO Parag Agrawal told employees that layoffs were not being planned "at this time". Though Musk did not explicitly say if there would be job cuts, his comments suggest the odds are high.
Meanwhile, he also said that employees doing "excellent" work should be allowed to continue working from home.
However, he clarified that he strongly prefers to work in person and would confirm with managers that remote employees were contributing positively 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 by a Twitter executive.
The meeting comes amid Musk's $44 billion takeover attempt.
While advertising for conventional cigarettes has long been prohibited in the US, e-cigarettes are being routinely advertised in traditional and social media including twitter, claims a new study.
In a ray of hope for glaucoma patients, engineers have designed a first of its kind electronic sensor that can be placed permanently in a person's eye to track changes in eye pressure.
Selfie trend has taken over social media, and it somehow propels everyone to look photo-ready all of the time. But a latest research shows that 68 percent of women feel negative about photos of themselves that haven’t been enhanced by a photographic filter.
When things just do not go your way, do you often turn to Facebook to find emotional support from friends? Keep doing this as this so-called "emotional contagion" effect works both ways.
