Friday, 29 April 2022

Elon Musk discusses 'job cuts' at Twitter with bankers to boost bottom line

 CEO Agrawal had told employees that there would be “no layoffs at this time”. However, according to reports, one area where Musk may make job cuts is the company’s policy department

Tesla CEO Elon Musk, during discussions with banks, has reportedly planned to cut jobs at Twitter to improve its bottom line once he takes over. The Washington Post reported that Musk discussed making “efficiencies” at the micro-blogging platform in the conversations with bankers, “which could include job cuts.”

Twitter or its CEO Parag Agrawal have not commented on the reports. Agrawal had told employees that there would be “no layoffs at this time”. However, according to reports, one area where Musk may make job cuts is the company’s policy department. Musk’s displeasure was reflected in his criticism of Twitter’s policy head Vijaya Gadde this week, over censoring exclusive stories related to US President Joe Biden’s son Hunter’s laptop in the wake of the Capitol Hill violence….

No comments:

14th BRICS summit to review current global issues, reach key agreements

  At the   14th BRICS summit   which is to be hosted by China in a virtual mode on 23-24 June, the member nations will review the current gl...