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.
NEW YORK — Lovers of emojis, the cute graphics that punctuate online writing and texts, will soon be able to pick from different skin tones on Apple devices.
SAN FRANCISCO — YouTube is going to release a mobile app that will only show video clips suitable for young children to help parents control what their kids are watching on the Internet.
Nearly one in 10 anglophone Canadians say they no longer watch any TV shows the old-fashioned way and only stream or download content online, according to a new study.
CALGARY — An Alberta company hopes a new smartphone app will help so-called nomophobia sufferers who can't put their devices down while behind the wheel.
Keeping troubling online behaviour open to public scrutiny provides a valuable tool for staging an effective intervention, said the University of Waterloo professor in an interview on Monday.
