close

Big tech firms can sack more employees to boost productivity: Elon Musk

He said that Twitter was in a situation where you'd have a meeting of 10 people and "one person with an accelerator and nine with a set of brakes"

IANS San Francisco
Elon Musk

Twitter CEO Elon Musk. (Photo: Bloomberg)

Listen to This Article

Outgoing Twitter CEO Elon Musk has said that Silicon Valley companies can afford to cut more workforce without affecting productivity.

Musk slashed over 80 per cent of the Twitter staff in October-November last year as he took over after acquiring the platform for $44 billion.

Speaking virtually at The Wall Street Journal's summit in London, Musk said there were a lot of people at Twitter that didn't seem to have a lot of value.

"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," he was quoted as saying in the report.

He said that Twitter was in a situation where you'd have a meeting of 10 people and "one person with an accelerator and nine with a set of brakes".

Musk told conference attendees that Twitter now has around 1,500 employees, saying it is "probably a reasonable number".

Also Read

Elon Musk credits father for teaching 'physics, engineering & construction'

Musk's title of world's richest person at risk after net worth dips $70 bn

Elon Musk says he takes Kanye's 'half Chinese' comment as a compliment

New Twitter policy to follow and question science, says Elon Musk

We're keeping a close eye on Twitter under Elon Musk: White House

Will work on issue of immigration, says Biden's top aide Neera Tanden

Harris to be 1st woman to give commencement speech at US Military Academy

Incredible rich diaspora truly an asset to both countries: Biden's top aide

US lawmaker introduces bill to declare Diwali as a federal holiday

IMF urges crisis-hit Sri Lanka to decide on debt restructuring: Report

Musk continued to sack Twitter employees even after the massive round in October, despite promising not to fire more staff after his brutal layoff exercise in November that affected two-thirds of the micro-blogging platform's 7,500 employees.

Twitter also shut down two of its three India offices and directed its employees to work from home. In November, Musk fired more than 90 per cent of its staff in India, around 200-plus.

"We will need to be extremely hardcore. This will mean working long hours at high intensity. Only exceptional performance will constitute a passing grade," Musk had said.

--IANS

na/shb/

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: May 27 2023 | 10:43 AM IST

Explore News