Stock Market News

Elon Musk tells Twitter employees headcount will be rationalized -virtual staff meeting

2022.06.16 20:41

Elon Musk tells Twitter employees headcount will be rationalized -virtual staff meeting
FILE PHOTO: Elon Musk’s Twitter profile is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

By Sheila Dang

(Reuters) -Elon Musk addressed Twitter (NYSE:TWTR) employees for the first time on Thursday, projecting a need for “rationalization of headcount” but offering few other new details about his $44 billion takeover of the social media company.

Musk appeared via video call 10 minutes late to what turned out to be a freewheeling question and answer session moderated by a Twitter executive, in which Musk mused about the existence of aliens and other space civilizations and his view that Twitter should help “civilization and consciousness.”

He told Twitter staff he wants to raise the service’s user numbers to at least a billion people and said advertising would remain important for the company, despite previously saying he believes Twitter should not serve ads, according to audio of the meeting heard by Reuters.

“I think advertising is very important for Twitter,” Musk said. “I’m not against advertising. I would probably talk to the advertisers and say, like, ‘hey, let’s just make sure the ads are as entertaining as possible.'”

Twitter employees took to an internal Slack channel in droves during the session, posting memes and complaining that Musk was not providing useful answers on his vision for the business and employee compensation.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 94,002.19 1.53%
ethereum
Ethereum (ETH) $ 2,649.92 4.74%
tether
Tether (USDT) $ 1.00 0.02%
xrp
XRP (XRP) $ 2.42 4.17%
bnb
BNB (BNB) $ 633.48 2.35%
solana
Solana (SOL) $ 152.15 8.81%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.224654 6.78%
cardano
Cardano (ADA) $ 0.715973 6.18%
staked-ether
Lido Staked Ether (STETH) $ 2,646.42 4.67%
tron
TRON (TRX) $ 0.245224 0.81%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 93,933.17 1.59%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,165.47 5.59%
chainlink
Chainlink (LINK) $ 16.15 7.63%
stellar
Stellar (XLM) $ 0.314115 3.91%
avalanche-2
Avalanche (AVAX) $ 23.03 6.40%
sui
Sui (SUI) $ 3.03 8.04%
litecoin
Litecoin (LTC) $ 121.68 4.39%
hedera-hashgraph
Hedera (HBAR) $ 0.212273 1.94%
the-open-network
Toncoin (TON) $ 3.56 4.87%
leo-token
LEO Token (LEO) $ 9.53 2.19%
usds
USDS (USDS) $ 0.996017 0.41%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 6.60%
mantra-dao
MANTRA (OM) $ 8.14 3.05%
weth
WETH (WETH) $ 2,650.76 4.74%
polkadot
Polkadot (DOT) $ 4.65 6.17%
hyperliquid
Hyperliquid (HYPE) $ 20.94 10.86%
bitcoin-cash
Bitcoin Cash (BCH) $ 305.74 5.63%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.05%
bitget-token
Bitget Token (BGB) $ 4.74 4.04%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,809.05 4.83%
uniswap
Uniswap (UNI) $ 8.31 7.17%
monero
Monero (XMR) $ 232.57 0.38%
whitebit
WhiteBIT Coin (WBT) $ 27.40 0.17%
near
NEAR Protocol (NEAR) $ 3.27 2.68%
pepe
Pepe (PEPE) $ 0.000009 6.03%
bittensor
Bittensor (TAO) $ 428.81 2.47%
dai
Dai (DAI) $ 0.999771 0.01%
aave
Aave (AAVE) $ 229.27 6.20%
aptos
Aptos (APT) $ 5.69 6.43%
ondo-finance
Ondo (ONDO) $ 1.04 6.67%
internet-computer
Internet Computer (ICP) $ 6.68 4.48%
susds
sUSDS (SUSDS) $ 1.04 0.07%
tokenize-xchange
Tokenize Xchange (TKX) $ 37.44 1.29%
official-trump
Official Trump (TRUMP) $ 14.85 6.58%
ethereum-classic
Ethereum Classic (ETC) $ 19.45 5.16%
mantle
Mantle (MNT) $ 0.840523 7.80%
okb
OKB (OKB) $ 46.51 4.48%
gatechain-token
Gate (GT) $ 22.17 4.51%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 93,913.16 1.64%