Musk on possible layoffs at Twitter: ‘The company needs to get healthy’

Musk on possible layoffs at Twitter: ‘The company needs to get healthy’


Musk addresses question of possible layoffs at Twitter: ‘The company needs to get healthy’

Musk said layoffs at Twitter will depend on its financial situation.

“It depends. The company does need to get healthy,” Musk said, according to the source. “Right now the costs exceed the revenue”

Musk said there has to be some rationalization of headcount or else Twitter won’t be able to grow.

“Anyone who is a signification contributor has nothing to worry about,” he said.

—Lauren Feiner

Musk has a strong bias toward in-person work

Musk, who recently told his employees at Tesla to come back to work in their offices 40 hours a week or resign, seemed to draw a distinction between working remotely at the car company and at Twitter.

“Tesla makes cars, and you can’t make cars remotely,” Musk said, according to a source familiar with the matter.

Musk did not detail what his policy on remote would look like for Twitter employees and said if someone is exceptional at their job, remote work is fine, according to the source.

But, Musk said his “bias is strongly towards working in person.”

—Lauren Feiner

Musk on how he can build trust with Twitter employees

“If someone is getting useful things done, that’s great. If they’re not then I’m like why are they at the company.”

— Lauren Feiner

Elon Musk on free speech

Elon on free speech (paraphrased): People should be allowed to say racist things but that doesn’t mean Twitter should promote it.

— Lauren Feiner

Musk asked why he loves Twitter

Elon when asked why Twitter: “I love Twitter”,  “I learn a lot from what I learn on Twitter.” It’s a “great way to get a message out”, “some people use their hair to express themselves, I use Twitter”

— Lauren Feiner

Employees are asking questions

Employees submitted questions s they are most interested in – no promise they will answer but highest ranked in categories of workplace policies (i.e. remote work), free speech, Elon’s suggested product improvements and relationship with employees — Lauren Feiner



Source

Gold is getting knocked on Tuesday – it’s still the hottest trade of the year
World

Gold is getting knocked on Tuesday – it’s still the hottest trade of the year

While gold was taking a hit on Tuesday, the metals trade has outshined artificial intelligence on Wall Street this year, even the latter has propelled the broader stock market to record levels. Gold crossed the $4,000-per-ounce threshold earlier in October, and just this week, it hit a record above $4,300 . It’s currently up more […]

Read More
Amazon continues expansion of ultrafast 15-minute delivery to UAE after India launch
World

Amazon continues expansion of ultrafast 15-minute delivery to UAE after India launch

Packages on a conveyor belt at an Amazon fulfilment center in Dartford, UK, on Monday, July 7, 2025. Jason Alden | Bloomberg | Getty Images Amazon on Tuesday launched a new ultrafast delivery service in the United Arab Emirates that can ferry groceries, cosmetics, electronics and other household items to shoppers in 15 minutes or […]

Read More
Warner Bros. Discovery says it’s open to a sale; shares jump
World

Warner Bros. Discovery says it’s open to a sale; shares jump

Warner Bros. Discovery said Tuesday it’s expanding its strategic review of the business and is open to a sale, sending shares of the company 8% higher in premarket trading. Earlier this year, WBD announced plans to split into two separate entities, a streaming and studios business and a global networks business. It’s also been fielding […]

Read More