Elon Musk has instructed Twitter Inc’s teams to explore up to $1 billion in annual infrastructure cost savings, according to two sources familiar with the matter and an internal Slack message reviewed by Reuters. That can go down during high-traffic events like Twitter. US midterm elections.
The company aims to save between $1.5 million and $3 million per day from server and cloud services, said the Slack message, which referred to the project as a “deep cuts plan.”
According to an internal document reviewed by Reuters, Twitter is currently losing about $3 million a day “with all expenses and revenues”.
Twitter Did not immediately respond to a request for comment.
Sources said drastic cuts in infrastructure could put the Twitter website and app at risk of going down during critical events, when users are rushing to consume and share information on Twitter, such as in moments of crisis or During major political events, sources said.
A source said the social media platform is exploring whether to cut back on the additional server space that has been put in place to ensure that Twitter can handle the high traffic.
,musk) is willing to take that risk to meet these goals,” the person said.
Another source described the proposed cuts as “delusional”, adding that when user traffic kicks in, the service could fail “in spectacular ways”.
According to another Slack message from one of the sources, teams on Twitter are racing to present a plan to achieve the cost savings by the November 7 deadline. The source said some employees have been ordered to work in the office every day of the week to meet the deadline.
The source said the cost-cutting could also come from less spending on Google cloud services.
A Google Cloud spokesperson declined to comment.
This story has been published without modification in text from a wire agency feed. Only the title has been changed.
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