Amid ongoing layoffs at Twitter, Elon Musk may be focusing on his new CEO – Steve Davis, a longtime colleague of Musk’s and currently the CEO of The Boring Company.
The Boring Company is an infrastructure and tunneling services company founded by Musk.
According to Platformer, Davis came to Twitter last year as part of Musk’s transition team.
Musk tasked Davis with cutting costs by $500 million, but he ended up cutting about $1 billion.
“Her success in reducing costs by any means has led to growing speculation internally that Musk will choose her as Twitter’s next CEO,” the report said.
Davis has emerged as one of Musk’s top lieutenants at Twitter, which is undergoing massive churning and layoffs.
According to the report, the latest job cuts affected more than 200 employees and Davis had a key role.
The latest round of layoffs affected more product managers, engineers and many in data science.
Chris Ready, the company’s acting head of sales, was also asked to leave.
With this latest cut, Twitter’s CEO has made at least four rounds of layoffs.
This is despite his promise not to sack more employees after his brutal layoff exercise in November last year that affected two-thirds of the micro-blogging platform’s 7,500 employees.
The Boring Company was formed as a subsidiary of SpaceX before being spun off in 2018.
Its ongoing projects are designed for intra-city (loop) transit systems, which are all-electric, zero-emission and high-speed underground public transport systems that transport commuters to their destinations without any intermediary stops .
– IANS
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