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CNBC AI News, August 15th – A Twitter user ignited a fresh round of scrutiny over Elon Musk’s cost-cutting measures at X (formerly Twitter), posting, “I still find it wild that Twitter went from 8,000+ employees to supposedly under 3,000. All the doomers said this site would be dead.”
Musk, never one to shy away from direct engagement, responded succinctly: “1200.” This figure is significantly lower than the user’s already diminished estimate, adding fuel to the ongoing debate about the platform’s operational capacity.
Since acquiring Twitter in 2022, Musk has pursued an aggressive austerity campaign, highlighted by mass layoffs. Initial reports suggested he planned to cut as much as 75% of the workforce.
In an April 2023 interview, Musk himself confirmed that Twitter’s headcount was “a little under 8,000” upon his takeover. By that time, the number had already plummeted to 1,500, representing a reduction of nearly 85%. When asked about the impact of these drastic cuts, he admitted, “It’s not fun at all. Sometimes it’s painful.” The latest revelation of a workforce of just 1,200 suggests even further streamlining.
Musk has repeatedly blamed previous management and excessive spending habits for the company’s financial straits. To slash operating expenses, he’s implemented several radical measures, including eliminating certain platform features and significantly reducing or eliminating employee perks and benefits. This approach, while undeniably cost effective, has drawn criticism from both former employees and industry observers who question its long-term sustainability.
Adding a unique twist to the “live at work” trend, X reportedly converted some of its San Francisco and New York office spaces into makeshift dormitories, complete with bedrooms and showers, in an apparent effort to save on employee hotel expenses when working extended hours. This unconventional move underscores the intensity of the current work environment at the company, while also raising eyebrows about employee well-being and work-life balance.
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