Elon Musk announced this Monday that he is going to buy Twitter and the company’s board has also agreed to it. That’s when it is being discussed that what changes will be seen in the world’s richest man after taking over the command of this social media platform. Along with this, people are also keeping an eye on what will be Elon Musk’s business model. According to the Washington Post, Twitter may lay off employees.
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Will employees have leave?
According to a Bloomberg report, during the fund-raising pitch for Twitter, Elon Musk proposed the idea of cutting jobs. However, no response has been given by Twitter on such discussion so far. Elon Musk is trying to make Twitter a money-making company like Facebook in the coming times. For this he is constantly churning.
Monetization is also being discussed
According to the news agency Reuters, while giving a pitch to the banks, he had said that there is a preparation to raise money through monetization as well. Apart from this, he also talked about charging money from third party websites for embedding or quoting verified tweets. In one of his tweets, Musk has spoken of not relying only on publicity. At the same time, before this, he has also shared the plan to eliminate the salary of the board members with the banks. According to Musk, this will save 3 million. Let us tell you, in the TED Talk of 14 April 2022, Musk said that he wants to make Twitter a platform on which people have a lot of trust. They are not thinking of earning money from him.
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The CEO of Twitter deal finalization, Parag Aggarwal, told the employees that the process would take 6 months to complete. In that meeting, Parag had said that no one would be fired from his job.