In a recent statement, Elon Musk confirmed that he had implemented massive layoffs within the company X, formerly known as Twitter, revealing that this decision has contributed to an improvement in the functioning of the platform. Indeed, although the exact percentage of employees laid off reaches 80%, the billionaire seems convinced that this purge has been beneficial to the overall performance of the company.
A radical change in management
Elon Musk’s decision to lay off 80% of X’s workforce reflects a desire for a radical transformation of the company’s management. Beyond the numbers, Musk reacted to a comment stating 90% layoffs on the platform, correcting the statement while showing a degree of cynicism. “It’s more like 80%, but the outcome is the same”, he replied, emphasizing his agreement with the idea that these extreme measures are beneficial for the company.
The consequences for the company’s image
This layoff process is not without consequences for X’s image. Several major advertisers, such as Coca-Cola and Apple, have distanced themselves from the platform, denouncing a management style that many deem dangerous. The user community has also expressed its disapproval, with some stating that the quality of service has declined. One user even commented with regret: “X is awful, Twitter was great”, reflecting the general dissatisfaction with the imposed changes.
An ambitious cost-cutting plan
In parallel with the layoffs, Elon Musk also has extensive financial ambitions. In a resolute approach, he aims to achieve nearly $2 trillion in savings within the organization, which amounts to about a third of the federal budget. This strategy highlights his focus on dramatically reducing expenditures, particularly by decreasing support for organizations deemed too progressive.
The long-term implications for X
Elon Musk’s strategic choices could have long-term effects on the X ecosystem. While some see these layoffs and management changes as opportunities for a new era for the platform, others fear it will lead to a continuous degradation of the quality and reliability of the service. Tech professionals and experts are divided on the issue, and it remains to be seen how users will react to these transformations.
A libertarian vision of business management
Identified as a libertarian, Elon Musk adopts a philosophy where individualism takes precedence over the collective, an aspect that is reflected in his management decisions. The drastic reduction of the workforce at X is an illustration of his approach, which prioritizes perceived short-term efficiency at the expense of corporate culture and employee engagement. This orientation raises questions about the long-term viability of a structure organized around such a vision.
Financial context and bank support
Criticism of Musk’s acquisition of Twitter is not limited to mere users. Many banks have labeled the purchase of X as “involuntarily disastrous.” Their concern is based on the regret they feel for having financed this project, fearing that the structural changes and the current management will harm the company’s value through controversial decisions.
The recent massive layoffs and drastic changes in the management of the platform raise essential questions about the future of X and its ability to correct its trajectory while retaining the trust of users and advertisers.
