Elon Musk on Twitter Layoffs: Workers ‘didn’t have much value’

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Elon Musk spoke at the Wall Street Journal‘s CEO Council Summit in London on Tuesday and spoke about his mass redundancies and layoffs since he took over as owner of Twitter last October.

“There were a lot of people who didn’t seem to have much value,” Musk saying frankly. “I think there is the possibility of significant cuts in other companies without affecting their productivity, in fact increasing their productivity.”

Musk’s Twitter cuts were wide-ranging and controversial, first expulsion top executives like then-CEO Parag Agrawal before issuing rounds of mass layoffs, driving up Twitter’s total estimated asset workforce to around 1,000 employees in early May, nearly 90% fewer than when Musk took over.

Last November, Musk sent a ultimatum to employees who said their work ethic had to be “extremely tough” and that they could expect to be “working long hours at high intensity.” The employees were asked to sign a document stating that they were all in by 5 pm the next day or face dismissal with three months’ severance.

Musk went on to speak about his own sense of work ethic at Tuesday’s summit, explaining that he often finds it difficult to juggle his day considering he’s a triple leader between running Twitter and being CEO of Tesla and SpaceX.

“My days are very long and complicated as you can imagine,” he said. explained. “And there’s a lot of context switching… time management is extremely difficult.”

musk recently former named NBCUniversal executive Linda Yaccarino as CEO of Twitter, maintaining that she will shift her focus at the social media company to the technology and product design side.

Musk’s net worth as of Wednesday afternoon it was an estimate $186.2 billion.