Elon Musk addressed Twitter employees for the first time on Thursday, projecting a need for “rationalization of headcount” but offering few other new details about the $44 billion takeover of the social media company.
Musk said he wants to raise the service’s user numbers to at least a billion people and said advertising would remain important for the company, according to audio of the meeting heard by Reuters.
Musk, the world’s richest person according to Forbes magazine, is trying to buy Twitter for $44 billion.
Earlier this month, Musk had said that Tesla employees were required to be in the office for a minimum of 40 hours per week, closing the door on any remote work. “If you don’t show up, we will assume you have resigned,” he said.
Twitter shares rose roughly 5% in post-market trading, after closing up 2% on Wednesday.
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