  {"id":227794,"date":"2023-05-22T14:49:27","date_gmt":"2023-05-22T12:49:27","guid":{"rendered":"https:\/\/www.discoverwalks.com\/blog\/?post_type=news&#038;p=227794"},"modified":"2023-05-22T14:55:34","modified_gmt":"2023-05-22T12:55:34","slug":"babies-got-thrown-out-with-the-bathwater-says-elon-musk-as-he-looks-to-rehire","status":"publish","type":"news","link":"https:\/\/www.discoverwalks.com\/blog\/news\/babies-got-thrown-out-with-the-bathwater-says-elon-musk-as-he-looks-to-rehire\/","title":{"rendered":"\u2018Babies Got Thrown Out With The Bathwater,\u2019 Says Elon Musk About Fired Employees"},"content":{"rendered":"<p>Elon Musk Could Reverse His Decision To Lay Off Most Of Twitter&#8217;s Workforce<\/p>\n<p>After purchasing Twitter for $44 billion, Elon Musk in his first few weeks in charge slashed the platform\u2019s workforce by 80%. 6,300 people lost their jobs taking the tally of employees from 7,800&nbsp; to about 1500.<\/p>\n<p>The reason for these drastic and massive layoffs was that the company needed to cut costs to break even. The public and even professional analysts were quick to criticize Musk\u2019s decision going as far as to predict that he will regret it.<\/p>\n<p>If Musk\u2019s recent comments are anything to go by, it looks like they were right. In a recent article, Elon Musk has openly admitted that good people were let go and the company (once breaking even), will look to rehire.<\/p>\n<p>Speaking to CNBC\u2019s David Faber, Musk said \u201cDesperate times call for desperate measures. There\u2019s no question that some of the people who were let go probably shouldn\u2019t have been let go because we simply did not have the time to figure [it] out. We had to make widespread cuts to get the run rate under control.\u201d<\/p>\n<p>While Musk\u2019s decision to make large-scale cuts was highly criticized, he was not the only one to make the decision. His layoffs got criticized so much more because they accounted for 80% of the workforce.<\/p>\n<p>The entire tech industry has been struggling since 2022, leading to massive layoffs all over. Mark Zuckerberg, a fellow tech billionaire, cut 21,000 jobs at Meta, Google reduced its employment by about 12,000 at the beginning of the year, and Amazon let 27,000 people go in a matter of months.<\/p>\n<p>As Fortune reports, other business leaders in the industry have openly shown their approval of Musk\u2019s decision. This also applies to Keith Rabois, a Silicon Valley venture capitalist (VC) and comrade of Musk in the alleged PayPal mafia.<\/p>\n<p>Speaking at an event in March, Keith said that Big Tech companies and leaders were \u201cElon Musk and Twitter to evaluate how effective their strategy was and how they can make cuts to their own staff. He also insisted he could never bet against the Twitter CEO.<\/p>\n<p>\u201cThis is not to say that everyone who was let go from Twitter is terrible or something\u2014it\u2019s just we have to, with very little information, get the headcount, expenses, and the non-personnel expenses down to where we break even,\u201d Elon Musk clarified.<\/p>\n<p>Musk further explained that the layoffs were made in bulk as they needed to do it fast. \u201cUnfortunately, if you do it fast there are going to be some babies thrown out with the bathwater,\u201d he said.<\/p>\n<p>Elon Musk also provided some hope for those who would like to work for the social media company or even those who were laid off. \u201cWe absolutely need to hire people,\u201d he said. \u201cAnd if they\u2019re not too mad at us probably rehire some of the people that were let go.\u201d<\/p>\n<div id=\"disco-1280978792\" class=\"disco-amazon-box-2024 disco-entity-placement\"><div style=\"width: 100%; border: 2px solid lightgray; padding: 3% 6% 3% 3%; border-radius: 5px;\">\n<p style=\"text-align: center;\">Planning a trip to Âé¶¹APP ? Get ready !<\/p>\n<hr style=\"border: 1px solid #c4336e; width: 100%; margin: 5px auto 25px auto;\" \/>\n<p>These are\u00a0<strong>Amazon&#8217;s\u00a0best-selling<\/strong>\u00a0travel products that you may need for coming to Âé¶¹APP.<\/p>\n<p><span style=\"color: #808080;\"><strong>Bookstore<\/strong><\/span><\/p>\n<ol>\n<li><strong>The best travel book : Rick Steves &#8211; Âé¶¹APP 2023<\/strong> <strong>&#8211;\u00a0<a class=\"ricksteves1\" href=\"https:\/\/amzn.to\/3rEUV7n\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Learn more here<\/a><\/strong><\/li>\n<li><strong>Fodor&#8217;s Âé¶¹APP 2024 &#8211;\u00a0<a class=\"lonelyplanet1\" href=\"https:\/\/amzn.to\/3RVYQqV\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Learn more here<\/a><\/strong><\/li>\n<\/ol>\n<p><span style=\"color: #808080;\"><strong>Travel Gear<\/strong><\/span><\/p>\n<ol>\n<li><strong>Venture Pal Lightweight Backpack &#8211;\u00a0<a class=\"venturebackpack1\" href=\"https:\/\/amzn.to\/3Fg15xU\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Learn more here<\/a><\/strong><\/li>\n<li><strong>Samsonite Winfield 2 28&#8243; Luggage &#8211;\u00a0<a class=\"samsnonite1\" href=\"https:\/\/amzn.to\/3PTNRM1\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Learn more here<\/a><\/strong><\/li>\n<li><strong>Swig Savvy&#8217;s Stainless Steel Insulated Water Bottle\u00a0&#8211;\u00a0<a class=\"waterbottle1\" href=\"https:\/\/amzn.to\/46GvhhP\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Learn more here<\/a><\/strong><\/li>\n<\/ol>\n<p><strong><a class=\"ourtravellist1\" title=\"This external link will open in a new window\" href=\"https:\/\/amzn.to\/2uIsJ55\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Check Amazon\u2019s best-seller list for the most popular travel accessories. <\/a>We sometimes read this list just to find out what new travel products people are buying.<\/strong><\/p>\n<\/div>\n<\/div>","protected":false},"author":1717,"featured_media":227800,"template":"","categories":[4347],"subject":[4430],"class_list":["post-227794","news","type-news","status-publish","has-post-thumbnail","hentry","category-tech-business","subject-tech-science"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u2018Babies Got Thrown Out With The Bathwater,\u2019 Says Elon Musk About Fired Employees - Discover Walks Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.discoverwalks.com\/blog\/news\/babies-got-thrown-out-with-the-bathwater-says-elon-musk-as-he-looks-to-rehire\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Babies Got Thrown Out With The Bathwater,\u2019 Says Elon Musk About Fired Employees - Discover Walks Blog\" \/>\n<meta property=\"og:description\" content=\"Elon Musk Could Reverse His Decision To Lay Off Most Of Twitter&#8217;s Workforce After purchasing Twitter for $44 billion, Elon Musk in his first few weeks in charge slashed the platform\u2019s workforce by 80%. 6,300 people lost their jobs taking the tally of employees from 7,800&nbsp; to about 1500. 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