Tough times for Twitter employees. Twitter owner Elon Musk (51) told employees on Thursday that he was unsure of the company’s profitability. Therefore, a bankruptcy is not excluded.
This was reported by the news site “The Information” on Thursday. Musk is attending a meeting with Twitter staff, a source told Reuters. So far, there has been no official statement from the company or its bosses.
Musk laid off half of his workforce
Musk bought Twitter for $44 billion at the end of October. He resigned from previous boss Parag Agrawal (38) and other senior executives soon after. It then laid off about half of its workforce of around 7,000. (EU)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
