Elon Musk’s plans for making money with Twitter reportedly include job cuts

Illustration by Kristen Radtke / The Verge; Getty Images As part of his pitch to raise funds to acquire Twitter, Elon Musk apparently “floated” the idea of cutting jobs at Twitter to improve its bottom line, according to a Bloomberg report. “While nothing is set in stone — and Musk himself had no access to Twitter’s non-public financials at the time — he specifically mentioned job cuts” during discussions with banks, the report says. The Washington Post reported that Musk discussed making “efficiencies” at the company in the conversations with bankers, “which could include job cuts.” There are still a lot of uncertainties about what Twitter will look like under Musk’s ownership, assuming the $44 billion deal announced Monday goes through as expected. So far, the best indication of what he... Continue reading…
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