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.
Tired of juggling to park your car as you approach the supermarket to finish weekend shopping for kitchen? Better download this app that would work as a virtual servant for you.
You may soon be able to watch live telecast from the moon, and closely see how it looks like from the surface that has fascinated young and old alike since ages.
Your favourite webmail service Gmail has turned 10. Launched April 1, 2004, Google’s simple, user-friendly inbox today is an undisputed leader in email and related services.
At a time when people from all walks of life are using various social media platforms to send their message across, the trend is just the opposite in case of university scholars.
Indian astrophysicist Abhas Mitra, at the Bhabha Atomic Research Centre (BARC) in Mumbai, who had once challenged the Black Hole theory of Britain's famed Stephen Hawking is in the limelight again.
