
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk told bankers he plans to cut jobs and costs at Twitter Inc (NYSE:TWTR) to boost its bottom line, as he plans to take the microblogging site private for $44 billion, Bloomberg News reported on Thursday, citing people familiar with the matter.
What Happened: Musk did not reveal details about which departments or positions might be affected during the call with bankers, according to the report.