San Francisco (IANS) | Twitter’s outgoing CEO Elon Musk has said that Silicon Valley companies can cut more workforce without affecting productivity. Musk laid off more than 80 per cent of Twitter employees in October-November last year. Speaking at The Wall Street Journal’s summit in London, Musk said there are a lot of people on Twitter who don’t seem to be worth much.
That said, I think that’s true in many Silicon Valley companies. I think there is potential for significant reductions in other companies without affecting their productivity, without actually increasing their productivity.
Musk told conference attendees that Twitter now has about 1,500 employees, adding that it’s probably a reasonable number.
Twitter closed two of its three India offices and directed its employees to work from home. In November, Musk laid off more than 90 percent of its employees in India.
Musk said, we need to be very radical. Only exceptional performance will constitute a passing grade.
–IANS
