Elon Musk opens up about significant job cuts at Twitter, says other Silicon Valley companies can do the same

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Billionaire Elon Musk discussed why he let go nearly 90% of Twitter employees since his acquisition, saying that a lot of employees did not add value to the company.

discussed the significant cuts at Twitter saying that "there were a lot of people that didn't seem to have a lot of value" at the social media company before he took over sharing that he believes that other Silicon Valley companies can do the same.

"There were a lot of people that didn't seem to have a lot of value," Musk said at the Wall Street Journal’s CEO Council Summit in London, England, speaking virtually. "I think that's true at many Silicon Valley companies." "I think there is the possibility for significant cuts at other companies without affecting their productivity, in fact increasing their productivity," Musk continued.

SpaceX, Twitter and electric carmaker Tesla CEO Elon Musk meets with Frances President at the Élysée presidential palace in Paris on May 15, 2023.

 

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