Twitter CEO Elon Musk described the company’s financial situation in stark terms, noting that drastic steps were necessary to stabilize the platform. He compared the current state of Twitter to being on a plane that is losing altitude and power, with failing systems and damaged controls, a metaphor he used to illustrate the urgency of reducing staff levels to avert a collapse. The remarks were shared with colleagues at the company, and Musk acknowledged that his decisions might appear harsh or unconventional to observers. He emphasized that the emergency was real and not a reflection of whim, insisting that immediate actions were required to prevent a broader crisis.
According to Musk, Twitter faced a potential debt burden of around $3 billion in the current year. He attributed part of the improvement in the company’s outlook to workforce reductions and a growing contribution from Twitter Blue subscriptions. With these changes, he forecast a path toward profitability and a year without losses in the following cycle, suggesting that the company could stabilize and resume growth despite the challenging backdrop.
Earlier discussions indicated ongoing consideration of changes in leadership at the social network. Musk reportedly floated the idea of stepping down and even ran a poll to gauge support for relinquishing his role as chief executive. In public statements, he noted the leadership decisions were driven by the urgent need to recalibrate priorities and focus on the company’s long-term viability, rather than personal preference or timing. The overall narrative points to a deliberate pivot aimed at tightening operations, expanding revenue streams, and restoring investor confidence during a period of market volatility and intense scrutiny from users and regulators alike.