Musk 'Saved Twitter From Bankruptcy ...it Had Just 4 Mths Left'

Billionaire owner on takeover cuts

- ANNA WISE

ELON Musk said Twitter had “four months to live” when he bought the platform and insisted it needed to cut costs to save it from bankruptcy.

The billionaire owner confirmed that about 80% of its staff have been axed since he took over at the helm.

In a wide-ranging interview with the BBC at Twitter’s HQ in San Francisco, Mr Musk said the social media platform was “spending money like it’s out of fashion” before he stepped in.

Asked whether his approach to sacking staff was “haphazard and uncaring”, Mr Musk replied: “I wouldn’t say it was uncaring.

“The issue is, the company is going to go bankrupt if we do not cut costs immediately.