Musk cut 80% of Twitter's staff, has no one in mind to replace him as CEO

April 12, 2023 6:06 AM EDT

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Twitter CEO Elon Musk confirmed on Wednesday that the social media company dismissed ~80% of its staff in recent months as it looked to aggressively cut operating expenses.

As a result, the company is now "roughly breaking even” and “could be cash-flow positive this quarter if things go well,” Musk said on Twitter Spaces.

Accordingly, Twitter went from having "just under 8,000 staff members" to ~1,500 with Reuters reporting that some layoffs also affected the engineering department, including those responsible for fixing and preventing service outages.

Musk admitted Twitter tends to experience some technical glitches, although these didn’t take too long to get fixed.

In the meantime, the billionaire still hasn’t found a replacement to run Twitter on a daily basis, which is likely to draw more scrutiny from Tesla investors. Musk said this year would be “good timing” to find a new CEO.

By Senad Karaahmetovic

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