Elon Must planning to cut cost, staff to improve Twitter’s income

Bouncing to action, the new Twitter owner Elon Musk has reportedly said he would be cutting cost and staff in order to improve the company’s total income.

During conversations with banks, Musk told bankers that he would be focused on the social-media company’s bottom line, and floated the idea of cutting both costs and jobs, according to people familiar with the matter.

According to the Washington Post, Musk addressed “efficiencies” at the microblogging platform with bankers, “which could include job cuts.”

Twitter or its CEO Parag Agrawal have not commented on the reports. Agrawal had told employees that there would be “no layoffs at this time”.

However, according to sources, Musk may reduce jobs in the company’s policy department.