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Musk Targets 10% U.S. Workforce Cut Amid Controversy

2/6/2025

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Summary

Story summary

Elon Musk plans to reduce the U.S. federal workforce by 10%, targeting USAID employees.
Following his Twitter acquisition, Musk cut staff from 7,500 to 1,500, resulting in a 45% ad revenue decline.
In 2024, X's financials showed improvement, with adjusted earnings approaching 2021 levels despite prior ad pauses.
Former Twitter employees filed legal challenges over severance, highlighting Musk's contentious management approach.

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Story summary

Elon Musk plans to reduce the U.S. federal workforce by 10%, targeting USAID employees.
Following his Twitter acquisition, Musk cut staff from 7,500 to 1,500, resulting in a 45% ad revenue decline.
In 2024, X's financials showed improvement, with adjusted earnings approaching 2021 levels despite prior ad pauses.
Former Twitter employees filed legal challenges over severance, highlighting Musk's contentious management approach.