'The company needs to get healthy:' Twitter's stuff afraid of staff cuts after Elon Musk buy the network
Musk told Twitter staffers he wants the company to reach 1 billion users.
One of the main questions that worries employees of the social network is what will happen to the staff after the takeover of the company by Elon Musk for $44 billion.
He answered their questions, noting that there needs to be a “rationalization of headcount,” per Reuters. The company “needs to get healthy,” he said, adding that “Anyone who is a significant contributor should have nothing to worry about,” Bloomberg reported.
He also said, “Right now costs exceed revenue. That’s not a great situation.” Twitter reported Q1 revenue of $1.20 billion, up 16% year-over-year, and net income of $513 million.
16 июня 2022, 21:52
