Billionaire Elon Musk hints at job cuts at Twitter

New Twitter Boss Billionaire Elon Musk has hinted at the possibility of job cuts at Twitter depending on the company’s current financial situation, reported BBC

In the first virtual meeting with Twitter employees, Musk said that the company is currently not doing well in terms of its costs exceeding revenue. Hence it “needs to get healthy” financially.

Elon Musk

However, Elon Musk mentioned that those who have a significant contribution in the company to make, should not be worried.

Tesla CEO Elon Musk also shared his idea towards working from the office rather than remote work from home or else and said the option of working from home should be given to only “someone exceptional”.

Regarding his plans for Twitter, Alex Heath tweeted that Elon Musk believes the social media platform should “mimic the approach of the super app WeChat in China”.

Billionaire Elon Musk also hinted at the possibility of life beyond the planet and how the platform can be helpful for “civilization and consciousness”.

Musk had previously threatened to walk away from the bid if Twitter didn’t comply with his demand of giving data about fake / spam accounts and bots. However, he did not mention his plans regarding the takeover.

After the meeting, the Twitter employees used an internal communication channel to express their disappointment over job cuts plans of the SpaceX CEO.

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