“That is why I spent the last five weeks cutting costs like crazy,” Musk told Twitter users who tuned in to a Twitter Spaces voice chat.
Elon Musk laid off half of Twitter’s staff and slashed costs in order to save the company from a $3 billion hole in its budget, the mogul said.
“This company is like, basically, you are in a plane that is headed toward the ground at high speed with the engines on fire and the controls don’t work.” “If you didn’t make any changes” Twitter’s net cash outflow would have been as much as $6.5 billion next year, Musk said.
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