Musk was quoted as saying in the interview that the social media platform now has only 1,500 employees, down from under 8,000 who were employed at the time of his acquisition.
who were employed at the time of his acquisition. The reduction equates to roughly 80% of the company’s staff.
It’s “not fun at all” and can sometimes be “painful,” the billionaire CEO told the British broadcaster at Twitter’s head office in San Francisco. The world’s second richest man said that “drastic action” was needed when he came on board, because the company was facing “a $3 billion negative cash flow situation.” That left Twitter with only “four months to live,” he estimated.
“This is not a caring [or] uncaring situation. It’s like, if the whole ship sinks, then nobody’s got a job,” Musk said.After initially offering to take over the company in April 2022, he attempted to get out of the deal, citing concerns over how many bot accounts it had. He has since radically overhauled Twitter: firing top executives, slashing jobs and enactingSince then, Twitter is now “roughly” breaking even and advertisers are returning to the platform, he told the BBC.
Musk also pledged to revise the label applied to the British broadcaster, from “government-funded” to “publicly-funded” after the BBC objected.. The BBC had protested the move, saying that it “is, and always has been, independent.”Related Articles
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