Elon Musk spoke Wall Street JournalThe CEO Council summit in London on Tuesday and opened up about the mass firings and layoffs since he took over as owner of Twitter last October.
“There were a lot of people who didn’t seem to have a lot of value,” Musk bluntly said. “I think there is potential for significant cuts in other companies without affecting their productivity, in fact increasing their productivity.”
Musk’s Twitter cuts were broad and controversial, first ousting top executives like former CEO Parag Agrawal before issuing rounds of mass layoffs, and bringing Twitter’s total active workforce to around 1,000 in early May — nearly 90%. less than it was when Musk was. took over.
Last November, Musk sent an ultimatum to employees, saying their work ethic had to be “very tough” and that they expected to “work long hours at high intensity.” Employees were required to sign a document stating they were all in by 5pm the next day or face termination with three months of dismissal.
Musk continued his sense of work ethic at Tuesday’s summit by explaining that he often finds it difficult to juggle his day considering he’s a trifecta between managing Twitter and serving as CEO at Tesla and SpaceX.
“My days are very long and complicated as you might imagine,” he explained. “And there is a great deal of context switching… time management is very difficult.”
Musk recently named former NBCUniversal CEO Linda Iaccarino as CEO of Twitter, confirming that he will shift his focus at the social media company to the technology and product design side.
Musk’s net worth as of Wednesday noon was estimated at $186.2 billion.