Musk Urges Others to Cut Jobs as Twitter Did.

"Elon Musk said more companies should consider running lean like Twitter.

The Tesla chief executive, speaking virtually at The Wall Street Journal's CEO Council Summit in London on Tuesday, said plenty of staffers aren't adding value to U.S. companies and that employers might do better with fewer people. Twitter has shrunk from about 8,000 employees to roughly 1,500 since Musk acquired the social-media company last year.

"There's a potential for significant cuts, I think, out of companies without affecting their productivity," Musk said, adding that staffing cuts could increase productivity by speeding up operations. 

"At any given company, there are people who help move things forward and people who sort of try to slam the brakes on."

Layoffs at Twitter cut far deeper than most. Musk's efforts at the company drew attention from bosses in other industries, many of whom quietly wondered whether Musk's slimmed-down staffing model could be replicated elsewhere.

In recent months, companies including Facebook parent Meta Platforms, Amazon.com, Goldman Sachs, Alphabet's Google and others cut thousands of positions, and a number of executives have begun to reconsider the value of some white-collar work.

Musk said Tuesday that Twitter wasn't profitable, but it had stabilized its operations and could potentially be cash-flow positive next month." [1]

1. Business News: Musk Urges Others to Cut Jobs as Twitter Did. Cutter, Chip. 
Wall Street Journal, Eastern edition; New York, N.Y. [New York, N.Y]. 25 May 2023: B.3.