The Entrepreneurs Weekly
No Result
View All Result
Thursday, July 24, 2025
  • Login
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
Subscribe
The Entrepreneurs Weekly
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
No Result
View All Result
The Entrepreneurs Weekly
No Result
View All Result
Home Business

Elon Musk on Twitter Layoffs: Workers ‘Didn’t Have a Lot of Value’ | Entrepreneur

by Brand Post
May 24, 2023
in Business
0
Elon Musk on Twitter Layoffs: Workers ‘Didn’t Have a Lot of Value’ | Entrepreneur
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


Elon Musk spoke at the Wall Street Journal‘s CEO Council Summit in London on Tuesday and opened up about his mass firings and layoffs since he took over as Twitter’s owner last October.

“There were a lot of people that didn’t seem to have a lot of value,” Musk said bluntly. “I think there is the possibility for significant cuts at other companies without affecting their productivity, in fact increasing their productivity.”

Musk’s cuts at Twitter were vast and contentious, first ousting top executives such as then-CEO Parag Agrawal before issuing rounds of mass layoffs, bringing Twitter’s total estimated active workforce to around 1,000 employees as early May — nearly 90% less than it was when Musk took over.

Last November, Musk sent an ultimatum to employees saying their work ethic had to be “extremely hardcore” and that they could expect to be “working long hours at high intensity.” Employees were asked to sign a document stating that they were all in by 5 p.m. the next day or face termination with three months of severance.

Musk went on to talk about his own sense of work ethic at Tuesday’s summit by explaining that it’s often difficult for him to juggle his day considering he is a triple-leader between running Twitter and being CEO at Tesla and SpaceX.

“My days are very long and complicated as you might imagine,” he explained. “And there’s a great deal of context switching … the time management is extremely difficult.”

Musk recently appointed former NBCUniversal executive Linda Yaccarino as CEO of Twitter, maintaining that he will shift his focus at the social media company to the tech and product design side.

Musk’s net worth as of Wednesday afternoon was an estimated $186.2 billion.



Source link

Tags: Business NewsDidntElonentrepreneurLayoffsLotMuskNews and TrendsTwitterWorkers

Related Posts

Billionaire Mark Cuban Spends a Lot of Time on His Emails | Entrepreneur
Business

Billionaire Mark Cuban Spends a Lot of Time on His Emails | Entrepreneur

July 23, 2025
The Playbook I Used to Launch a Thriving 8-Figure Business — and How You Can Too | Entrepreneur
Business

The Playbook I Used to Launch a Thriving 8-Figure Business — and How You Can Too | Entrepreneur

July 23, 2025
Why Forward-Thinking Companies Are Betting Big on Part-Time Talent | Entrepreneur
Business

Why Forward-Thinking Companies Are Betting Big on Part-Time Talent | Entrepreneur

July 23, 2025
  • Trending
  • Comments
  • Latest
Meet Amir Kenzo: A Well Known Musical Artist From Iran.

Meet Amir Kenzo: A Well Known Musical Artist From Iran.

August 21, 2022
Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

April 20, 2024
Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

May 10, 2024
Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

August 8, 2024
Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

0
U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

0
GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

0
Brad Winget’s Tips and Tricks on Having a Career in Real Estate

Brad Winget’s Tips and Tricks on Having a Career in Real Estate

0
Billionaire Mark Cuban Spends a Lot of Time on His Emails | Entrepreneur

Billionaire Mark Cuban Spends a Lot of Time on His Emails | Entrepreneur

July 23, 2025
The Playbook I Used to Launch a Thriving 8-Figure Business — and How You Can Too | Entrepreneur

The Playbook I Used to Launch a Thriving 8-Figure Business — and How You Can Too | Entrepreneur

July 23, 2025
Why Forward-Thinking Companies Are Betting Big on Part-Time Talent | Entrepreneur

Why Forward-Thinking Companies Are Betting Big on Part-Time Talent | Entrepreneur

July 23, 2025
Good Luck Trying to Buy a Home Right Now | Entrepreneur

Good Luck Trying to Buy a Home Right Now | Entrepreneur

July 23, 2025

The EW prides itself on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

Transcending the bounds of Chicago to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

NEWS

  • Business
  • Politics
  • Entrepreneurship
  • Entertainment
Instagram Facebook

© 2024 Entrepreneurs Weekly.  All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
  • POLITICS
  • BUSINESS
  • CONTACT US
  • ADVERTISEMENT

Copyright © 2024 - The Entrepreneurs Weekly

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In