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Elon Musk, one of the most controversial entrepreneurs in the world, is back in the spotlight on social media and in the press. The latest reason for this? A statement on Twitter, now called “X”, where the billionaire reaffirmed that he fired 80% of the company’s employees shortly after purchasing it for 41.8 billion euros two years ago.
80%, but the argument is valid. This was Musk’s response to a user who commented that the social network continues to function even after drastic cuts to the staff. Musk quickly corrected the percentage, lowering it from 90% to 80%, but did not fail to emphasize that the company is better off this way. The number is impressive: Twitter’s workforce, which had about 7,500 employees, was reduced to just 1,300 in a matter of months.
While Musk takes pride in his boldness, the effects of the decision tell another story. Since the acquisition, Twitter has seen an initial spike in user traffic, surpassing the 540 million mark. However, this is practically the only positive point of Musk’s management.
Revenue Crisis and Proliferation of Problems
Even with Musk’s optimism, Twitter has been facing tough times. The social network lost 59% of its advertising revenue after a mass exodus of advertisers.
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Musk justified the layoffs as a necessary measure to cut costs, saving up to 4 million euros per year. But the reduction in staff left strategic areas, like security, virtually abandoned — with only 20 people on the team, problems are piling up: bots, abusive accounts, and an increase in rule violations on the platform.
Despite this, Musk continues to celebrate his efficiency in management. For him, firing 8 out of every 10 employees was the right decision, even ignoring the negative impact on the quality of the platform and its ability to generate revenue.
More Controversies and the Musk Style
While dealing with Twitter’s problems, Elon Musk continues to be involved in other controversies. In recent days, he threatened to sue the creators of ChatGPT, accusing them of abandoning the original principles of the tool, while celebrating the success of another of his ventures, Starlink, which has already reached millions of users.
eu acho engraçado, o que importa se é contrato com governos ou não, o que importa é que alguém precisaria fazer e o camarada fez, como tirar o mérito do camarada, afinal o foguete agora dá ré, e aí olha a economia que o cara fez, antes perdia tudo, gente na boa, o camarada é bom no que faz, simples assim
Hahahahah que matéria tendenciosa. Elon Musk não sabe gerenciar nada e muito menos fazer dinheiro. Vcs é que são **** 😂
É o amor
É uma abóbora
É o real virando pó
….