Elon Musk's plan for Twitter reportedly even includes the idea of cutting jobs to bring more money to the social media giant.
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As part of his bid to raise capital to acquire Twitter, Elon Musk has apparently “embrace” the idea of cutting jobs to improve the company’s profitability, according to a Bloomberg report. “While Musk did not have access to Twitter’s non-public financials — he did mention job cuts” during discussions with banks, the report said. The Washington Post reported that Musk discussed “efficiency” at the company in talks with bankers, “which could include job cuts.”
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There are still many questions about what Twitter will look like under Musk's ownership, assuming the $44 billion deal announced Monday goes through as expected. So far, the best indication of what he wants to do with the platform comes from his own words in a press release:
Free speech is the foundation of a functioning democracy, and Twitter is the digital town square where issues vital to the future of humanity are discussed. I want to make Twitter better than ever, improving the product with new features, making our algorithms open source to increase trust, defeating spam bots , and verifying the identity of everyone. Twitter has enormous potential — I look forward to working with the company and its community of users to unlock that potential.
However, potential job cuts have not been discussed publicly.
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To bankers, Musk may have discussed ways to improve results, but publicly, he has indicated that he is not interested in Twitter for the money. “This is not a way to make money,” Musk said at TED 2022 on April 14. “What I am interested in is having a public platform that is maximally trustworthy and inclusive. I am not interested in the economics.”
Source of information: theverge.com
