Huge tech companies can sack extra staff to spice up productiveness: Elon Musk



Outgoing Twitter CEO Elon Musk has stated that Silicon Valley firms can afford to chop extra workforce with out affecting productiveness.


Musk slashed over 80 per cent of the Twitter employees in October-November final yr as he took over after buying the platform for $44 billion.


Talking just about at The Wall Road Journal’s summit in London, Musk stated there have been lots of people at Twitter that didn’t appear to have loads of worth.


“I believe that’s true at many Silicon Valley firms. I believe there’s the chance for important cuts at different firms with out affecting their productiveness, in actual fact, rising their productiveness,” he was quoted as saying within the report.


He stated that Twitter was in a scenario the place you’d have a gathering of 10 folks and “one particular person with an accelerator and 9 with a set of brakes”.


Musk informed convention attendees that Twitter now has round 1,500 staff, saying it’s “most likely an affordable quantity”.


Musk continued to sack Twitter staff even after the huge spherical in October, regardless of promising to not fireplace extra employees after his brutal layoff train in November that affected two-thirds of the micro-blogging platform’s 7,500 staff.


Twitter additionally shut down two of its three India workplaces and directed its staff to work at home. In November, Musk fired greater than 90 per cent of its employees in India, round 200-plus.


“We are going to should be extraordinarily hardcore. It will imply working lengthy hours at excessive depth. Solely distinctive efficiency will represent a passing grade,” Musk had stated.


–IANS


na/shb/

(Solely the headline and film of this report might have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)



Source link

Related articles

Colgate-Palmolive Firm (CL) Presents at Client Analyst Group of New York Convention (Transcript)

Colgate-Palmolive Firm (NYSE:CL) Presents at Client Analyst Group of New York Convention February 23, 2024 8:00 AM ET Firm Contributors Noel Wallace - Chairman, President and CEO Diana Schildhouse - Chief Analytics &...

China’s woes will not sluggish US financial system, however extra capability a concern-Treasury’s Adeyemo By Reuters

© Reuters. U.S. Deputy Treasury Secretary Wally Adeyemo speaks on the Royal United Providers Institute in London, Britain, October 27, 2023. REUTERS/Hannah McKay/File Picture By David Lawder (Reuters) - U.S. Deputy Treasury Secretary Wally...

Get this AI photo-discovery plan for simply $100

!function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; ...

2024 US Wealth Administration Outlook: In with Options?

New Yr, New Investments Many people have crawled into 2024 with a way of cautious optimism that the psychological battering all of...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here