Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wp-plugin-hostgator domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the ol-scrapes domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893
{"id":8203,"date":"2022-06-17T14:44:41","date_gmt":"2022-06-17T14:44:41","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/06\/17\/elon-musk-hints-that-layoffs-are-in-twitters-future\/"},"modified":"2022-06-17T14:44:42","modified_gmt":"2022-06-17T14:44:42","slug":"elon-musk-hints-that-layoffs-are-in-twitters-future","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/06\/17\/elon-musk-hints-that-layoffs-are-in-twitters-future\/","title":{"rendered":"Elon Musk hints that layoffs are in Twitter\u2019s future"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/6\/16\/23171166\/elon-musk-twitter-layoffs-revenue<\/a>
\n
<\/br><\/code><\/p>\n

\n

Elon Musk told Twitter employees on Thursday that the company \u201cneeds to get healthy\u201d financially and bring down costs, suggesting that job cuts are likely in store if his deal to buy the social media service goes through.<\/p>\n

\u201cRight now costs exceed revenue,\u201d Musk said when asked about the possibility of layoffs during an internal Q&A, according to employees who heard the remarks. \u201cThat\u2019s not a great situation.\u201d <\/p>\n

The question of layoffs has been top of mind for Twitter\u2019s more than 7,000 employees since Musk first said he wanted to buy the company. Current CEO Parag Agrawal told staffers in an earlier meeting that layoffs weren\u2019t being planned \u201cat this time.\u201d Though Musk didn\u2019t explicitly say if there would be job cuts Thursday, his comments suggest the odds are high.<\/p>\n

Musk previously indicated that Twitter would cut roles in a pitch deck shared with potential investors, according to The New York Times<\/em><\/a>. The deck reportedly showed that Musk wanted to increase Twitter\u2019s headcount in the short term, then cut around 900 jobs before resuming growth.<\/p>\n

Twitter\u2019s annual revenue grew last year to $5.08 billion, up from $3.72 billion in 2020. But the company is still losing money overall, even if those losses are shrinking. Twitter\u2019s full-year losses in 2021 fell to $221 million, down from a loss of $1.14 billion in 2020. Musk has prioritized a number of revenue-focused products in his comments about future plans for Twitter, including a heavy focus on subscriptions.<\/p>\n