Elon Musk announced on Wednesday that he intends to wrap up the organizational restructuring at Twitter this week and that he anticipated working less at Twitter while eventually appointing a new boss to run the social media company.
Elon Musk urged Twitter employees who did not share his vision to leave their jobs and gave them until Thursday at 5 p.m. Eastern time to decide if they wanted to work for him.
Tesla’s investors are getting more concerned about how much time Musk is spending fixing Twitter
Musk made the remarks while testifying in a Delaware court to deny claims that the board of directors at Tesla Inc. decided on his $56 billion remuneration plan based on performance targets that were easy to accomplish and were compliant.
Tesla’s investors are getting more concerned about how much time Musk is spending fixing Twitter.
Tesla shares experienced a 3% decline at midday.
“I anticipate spending less time on Twitter”: Elon Musk
In his testimony, Musk indicated that after the acquisition, the company will need an initial burst of activity to be reorganized. But after that, I anticipate spending less time on Twitter.
In addition, Musk confirmed that some Tesla engineers had been assisting in the evaluation of Twitter’s engineering teams, but he asserted that this had been done “voluntarily” and “after hours.”
The first two weeks at the billionaire-owned Twitter were filled with chaos and swift changes. The previous Twitter CEO, along with other senior executives, were abruptly fired, and earlier this month, he fired half of the company’s employees.