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….

Elon Musk not joining Twitter board; CEO Parag Agrawal reveals why

 Elon Musk, CEO of Tesla and now the largest shareholder in the micro-blogging site Twitter, has decided not to join the Twitter board. He owns a 9.2% stake, worth nearly $3 billion, in Twitter Inc

Tesla Inc Chief Executive Elon Musk, who was to officially become a member of the Twitter board from April 9, has decided not to do so, Twitter CEO Parag Agrawal wrote in a post on Monday. In his Twitter post, Agrawal said, “Elon’s appointment to the board was to become officially effective 4/9, but Elon shared that same morning that he will no longer be joining the board.” “I believe this is for the best. We have and will always value input from our shareholders whether they are on our Board or not. Elon is our biggest shareholder and we will remain open to his input.,” the CEO added.