Elon Musk Hints Layoffs In Twitter
Tesla's CEO addressed Twitter employees for the very first time on Thursday. Speaking to Twitter staff during an internal meeting, Musk said that the company "needs to get healthy" financially and also bring the cost down.
This somewhere hints that job cuts are probably in store for Twitter. Of course, if the deal to buy the microblogging platform is finalized. Currently, Musk has put the Twitter deal on hold.
"Right now, costs exceed revenue," Musk told employees when asked about the possibility of layoffs during an internal Q&A, as reported by The Verge. "That's not a great situation," Musk added. Employees who heard the remarks told the publication.
Even though Elon Musk didn't explicitly talk about job cuts, the billionaire's comments hint at such possibilities shortly. When employees asked Musk if layoffs are planned for the future, he said, "It depends. The company does need to get healthy, " as a reputed media channel reported.
During the internal meeting, Musk also said that there has to be some rationalization of headcount, or else Twitter won't be able to grow in the future.
Once the Twitter deal falls in place, reports suggest, Musk may fire Agrawal, but the CEO said that he doesn't fear losing his job.