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.
Are you among those who love tweeting but somewhat wary of information via tweets from others? Join the 'Millennial Generation' that has a “healthy mistrust” of the information they read on Twitter.
The convenient and deficient lithium-ion battery (LIB) that power your tablets and smartphones may soon become a lot safer as scientists have designed a kind of lithium battery component that is far less likely to catch fire and still promises effective performance.
It may be a while before humans can wear sharkskin swimsuits, but researchers have now devised a way to print a shark-like skin to see how the bumpy skins of the sharks help them swim so fast.
Data from mobile phones that provide crucial information about movements of people within a country could be key to designing an effective malaria elimination programme, a promising study showed.
Social networking websites can add fire to the fuel of a false rumour. Simply updating Facebook or Twitter pages may not be enough for organisations concerned with public safety to halt the spread of such rumours, a joint study by Facebook and Standford University in the US indicated.
