Musk Says Twitter Is Roughly Breaking Even, Has 1,500 Employees

Musk Says Twitter Is Roughly Breaking Even, Has 1,500 Employees
Tesla Inc. CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, on Aug. 29, 2019. Aly Song/Reuters
Reuters
Updated:

Twitter Inc. CEO Elon Musk said on Wednesday the social media company is “roughly breaking even,” as most of its advertisers have returned and its cost-cutting efforts have started bearing fruit after massive layoffs.

Musk, in an interview with BBC broadcast live on Twitter Spaces, said Twitter has about 1,500 employees now, a sharp decline from “just under 8,000 staff members” it had before he took it over in October.