Elon Musk is the new Republican kingmaker as Ron DeSantis plans to launch his presidential campaign in a Q&A with the chief twit
...The 44-year-old Republican governor plans to announce his decision in an online conversation with Twitter CEO Elon Musk, according to two people with knowledge of the decision. They spoke to The Associated Press on condition of anonymity because they weren’t authorized to discuss the announcement publicly.
The audio-only event will be streamed on Twitter Spaces beginning at 6 p.m. EDT. He will follow up with a round of prime-time appearances on conservative programs, including Fox News and Mark Levin’s radio show.
Tuesday, May 23 - Wednesday, May 24, 2023
The Wall Street Journal CEO Council will convene in London on May 23 and 24, against a volatile backdrop. The economic outlook remains cloudy, after a sharp rise in interest rates to counter inflation. Bank crises on both sides of the Atlantic have left investors on edge about further dislocation ahead. A leap forward in generative AI has triggered a stampede among businesses in all sectors to harness the new technology. The war in Ukraine and tensions between the U.S. and China, meanwhile, continue to reshape global geopolitics, trade and energy markets. We will discuss these important themes through the summit and how they are affecting business, the economy and society.Speakers
- Twitter had a "lot of people doing things that didn't seem to have a lot of value," Elon Musk said.
- Some investors claim tech companies overhired and gave people unnecessary jobs as a "vanity metric."
- Musk said that Twitter is starting to hire again after reducing its headcount to around 1,500.
Before executing mass layoffs at Twitter, the social-media giant had "a lot of people doing things that didn't seem to have a lot of value," Elon Musk claimed.
"I think that's true probably at most Silicon Valley companies, maybe not to the degree to which it was at Twitter," Musk continued, speaking virtually at The Wall Street Journal's CEO Council Summit in London on Tuesday.
"Twitter was in a situation where you'd have a meeting of ten people and one person with an accelerator and nine with a set of brakes, so you didn't go very far," he explained. Other Big Tech companies can make further job cuts without impacting productivity, Musk added.. . .Asked on a podcast in December about his rationale behind deciding who should stay on, he said that workers had to be "exceptional" at what they do, have critical roles, and "put the company's interests before their own." But it appears that Twitter plans to boost its headcount again as it heads towards being cash-flow positive.
"If we get lucky, we might be cash-flow positive next month, but it remains to be seen," Musk said at Tuesday's conference.
"We are going to start adding people to the company," he continued, noting that some of the hiring had already started.
Musk had previously suggested in an interview with CNBC that he could try and hire back some of the staffers he laid off early in his tenure."
LINK Business Insider
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