Tesla CEO Elon Musk has spent most of his time at Twitter recently and will continue to restructure the company this week.
Billionaire Elon Musk will likely find another executive to run the social network he owns for less than a month, the Wall Street Journal reported on a trial in which Musk testified on 16/11.
Elon Musk says he expects to find someone else to run Twitter and plans to spend less time on the platform over time https://t.co/L5hN6CcPNK
— The Wall Street Journal (@WSJ) November 16, 2022
“Twitter monitoring has consumed most of my time in recent weeks. I anticipate reducing my time here. Some Tesla engineers are also helping Twitter after work, voluntarily,” musk said.
Musk said he doesn’t want to be CEO of any company and sees himself more as an engineer than an entrepreneur. But now, Musk not only runs Twitter, he is also the owner of electric car company Tesla, aerospace company SpaceX and many other businesses.
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After taking over Twitter, Musk is still serving as CEO and the company’s sole director. According to the New York Times, he did not hesitate to fire employees who criticized or “corrected” him, and sent emails asking the rest of the employees to work at a high intensity or quit with a 3-month salary allowance.
He quickly implemented a series of policies as well as rapid changes over the past weeks. From firing senior leaders, to firing half of the staff… Business leaders and advertisers are also skeptical about how the famous entrepreneur’s organization operates, many of which have decided to terminate advertising contracts with the platform.
Source: Coin68
