Musk’s bankers bite their fingers after Twitter takeover
The little blue bird doesn’t whistle anymore. Elon Musk has been converting Twitter in a forced march for two weeks. After firing some of his top executives, including his former boss Parag Agrawal and CFO Ned Segal, the businessman continues to clean up internally and apply his cost-cutting methods to the company. Half of the employees there could lose their jobs, i.e. almost 3,600 employees. Some of them already found out about their resignation by simple mail on Friday, November 4th.
Shock management, performance culture, abolition of teleworking… The new boss is inspired by the model implemented at Tesla. rest days? Down the drain, acc Business Insider. They would have been eliminated from the game plan since the leadership change. To cover his costs, Elon Musk also wants to save $1 million to $3 million every day by reducing the number of servers owned by Twitter. But the hardest part for the billionaire won’t be spending cuts. It will be about making this business profitable, which is far from won.
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