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Nov 3 (Reuters) - Elon Musk has directed Twitter Inc's teams to find over $1 billion in annual infrastructure cost savings by cutting cloud services and extra server space, according to two sources familiar with the matter and an internal Slack message seen by Reuters. The company is aiming to find up to $3 million per day in infrastructure savings, the Slack message said. Such steep cuts could put the Twitter website and app at risk of going down during high-traffic moments, such as the upcoming U.S. midterm election, the source said. Twitter did not immediately respond to request for comment. Reporting by Sheila Dang in Dallas, Paresh Dave in Oakland, Calif.,and Katie Paul Editing by Kenneth Li and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.
Twitter is currently losing about $3 million a day "with all spending and revenue considered," according to an internal document reviewed by Reuters. The social media platform is exploring whether to cut extra server space that is kept to ensure Twitter can handle high traffic, one source said. The second source described the proposed cuts as "delusional," adding that when user traffic kicks up, the service can fail "in spectacular ways." Teams across Twitter are racing to present a plan to achieve the cost savings by a Nov. 7 deadline, according to one of the sources and the Slack message. Some employees have been ordered to work in the office every day of the week to meet the deadline, the source said.
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