In his first meeting with Twitter employees, Elon Musk suggests layoffs

In a meeting with Twitter employees, Elon Musk, multi-billionaire, hinted at possible job cuts if his $44bn takeover bid (PS35.

In his first meeting with Twitter employees, Elon Musk suggests layoffs

In a meeting with Twitter employees, Elon Musk, multi-billionaire, hinted at possible job cuts if his $44bn takeover bid (PS35.8bn for the social media company) is successful.

He also spoke out on topics such as remote working, freedom to speak and extra-terrestrial existence.

Musk spoke to his staff for the first-time since he launched his bid for the company in April.

He said that he could end the agreement if he doesn't get data on fake accounts.

On Thursday, Musk spoke out about Twitter's financial condition during a broad-ranging video conference with employees.

"The company must get healthier. He said that right now, the company's costs are higher than its revenue.

He added, however, that anyone who is... a significant contributor shouldn't be worried about.

He stated that he prefers to work from home unless "somebody exceptional" is the case.

He did not update us on takeover talks and Twitter employees used an internal communication channel to vent their dissatisfaction about his views regarding the business and employee pay.

Musk, the CEO of Tesla's electric vehicle maker and SpaceX's rocket company SpaceX, discussed the possibility that there might be life beyond Earth, but he denied seeing any "actual evidence" for aliens.

"Can we travel to other starsystems and find alien civilisations?" He asked and added that the platform could aid in "civilization and consciousness".

Separately, employees from SpaceX, where Mr Musk is chief Executive Officer, called Mr Musk "frequent source of distraction" and "embarrassment" during an internal letter sent to company executives on Thursday.

He was also sued by an investor in Dogecoin cryptocurrency for $258bn (PS209bn). The investor claimed that he ran a pyramid scheme to increase its price.

New York filed a complaint alleging that Musk "used his position as the world's wealthiest man to operate and manipulate Dogecoin Pyramid Scheme in order to profit, expose and amuse".

Musk threatened to quit the takeover bid earlier this month and accused Twitter of "thwarting his requests to learn more information about its users."

He stated in a letter to regulators that he had the right to measure spam accounts.

This letter ended a dispute that had been simmering for weeks after he declared that the deal was "on Hold" while awaiting further information.

The company's shares were at $37.36 per share at the close of New York trading Thursday. This is well below Musk's $54.20 offer price.

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