Elon Musk Insinuates Layoffs In His First Meeting With Twitter Employees

Elon Musk, the multibillionaire, hinted about job losses in a meeting with Twitter staff if his $44 billion (£35.8 billion) acquisition bid for the social media business is successful.


He also spoke about remote working, freedom of speech, and the possibility of extraterrestrial life.


Mr Musk was talking to staff for the first time since launching his bid for the firm in April.


He has stated that if he is not given information regarding fake accounts, he may terminate the agreement.


On a wide-ranging video call with Twitter employees on Thursday, Mr Musk said hat layoffs at Twitter would depend on the company’s financial situation.


“The company does need to get healthy. Right now the costs exceed the revenue,” he said.


However, he added: “Anyone who’s… a significant contributor should have nothing to worry about”.


He also said that unless “someone is special,” he prefers to work from home.


However, he did not provide an update on the takeover talks, and Twitter employees expressed their dissatisfaction with his views on the company and employee compensation on an internal communication channel.