Elon Musk gave an interview to the BBC, admitting that he made many mistakes in these months, but is convinced that Twitter, which had huge annual losses, is close to profitability after the measures he took. Musk also said that when he took over Twitter, there were almost 8,000 employees, and now there are 1,500 left.
Musk described the Twitter chapter’s experience as “pretty painful.” He admitted that he made many mistakes and said that everything is like a roller coaster because there is no time to be bored.
A Twitter executive says the site is doing “pretty well.” Because he has a lot of work, Musk sometimes sleeps at the company’s headquarters, “on the couch in the library, where no one goes.”
Elon Musk bought Twitter in the spring of 2022 for 44 billion dollars, and his decisions created chaos in the company, especially since more than 6 thousand people were laid off, and many departments could barely function. Musk has said several times that Twitter can only move forward through drastic staff cuts.
Many companies have decided to stop paying for Twitter advertising due to the chaos within the company. Musk says things have settled down, that it was a cyclical event, and most companies are back.
Source: Hot News
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