Twitter Employees: Elon Musk Hints at Layoffs in First Meeting
During his first meeting with Twitter employees, American billionaire, Elon Musk has hinted at potential layoffs if his $44bn (£35.8bn) takeover bid for the social media company is successful.
“Anyone who’s… a significant contributor should have nothing to worry about.” Musk had affirmed.
During a company-wide video call with Twitter employees, Musk said layoffs at Twitter would depend on the company’s financial situation noting that the company needs to generate more revenue.
“The company does need to get healthy. Right now the costs exceed the revenue,” he said.
He also addressed topics like remote working, freedom of speech and potential extra-terrestrial life.
Another thing he mentioned was his preference for working from the office unless “somebody is exceptional”.
There was no update on takeover discussions and Twitter employees took to an internal communications channel to express their disappointment about his views on the business and employee compensation.