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.
How would it look if the worn out motherboard of a computer becomes your coaster or the headlight of a bike turns into your desk lamp or tyre tube used as a wallet and the door of an old refrigerator as the centre table of your room? This is not wild imagination but creative ways of using scrap and making it look chic.
The return of co-founder N.R. Narayana Murthy from retirement as executive chairman June 1, 2013 notwithstanding, a whopping 36,268 software engineers at medium and lateral levels left the IT bellwether during the last 12 months.
The hard drives in your computer could get even smaller as scientists have now discovered a novel technique to understand better the new properties that arise when two materials are put together.
