Thursday, March 28, 2024
ADVT 
Tech

Elon Musk hints layoffs at Twitter in future

Darpan News Desk IANS, 17 Jun, 2022 10:41 AM
  • Elon Musk hints layoffs at Twitter in future

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.

MORE Tech ARTICLES

LinkedIn Etiquette: Hurting the Network

LinkedIn Etiquette: Hurting the Network
Things get toxic when only pitching becomes the primary intent

LinkedIn Etiquette: Hurting the Network

Alberta scientist part of Mars probe mission

Alberta scientist part of Mars probe mission
A Canadian scientist says helping NASA with a mission to Mars to look for signs of life is the fulfillment of a childhood dream.

Alberta scientist part of Mars probe mission

Scientists urge WHO to acknowledge virus can spread in air

Scientists urge WHO to acknowledge virus can spread in air
More than 200 scientists have called for the World Health Organization and others to acknowledge that the coronavirus can spread in the air — a change that could alter some of the current measures being taken to stop the pandemic.

Scientists urge WHO to acknowledge virus can spread in air

Pandemic forces some patients to phone in doctor visits

Pandemic forces some patients to phone in doctor visits
Video telemedicine took off earlier this year as the coronavirus paused in-person doctor visits. Earl Egner missed that trend.

Pandemic forces some patients to phone in doctor visits

Research into using sensors to track health risks

Research into using sensors to track health risks
A University of Calgary researcher says key cards, lanyards with sensors and wrist devices similar to Fitbits could help make schools and workplaces safer as people adjust to living with the novel coronavirus.

Research into using sensors to track health risks

Researchers At Carnegie Mellon University Develop Video System To Locate Mass Shooters Using Smartphones

Researchers have developed a system that can accurately locate a shooter based on video recordings from as few as three smartphones.

Researchers At Carnegie Mellon University Develop Video System To Locate Mass Shooters Using Smartphones