In late October, Elon Musk completed the deal to buy Twitter for $44 billion and became the company’s CEO. He then began recruiting executives and engineers from his other companies, including SpaceX, Tesla, and The Boring Company, to work on the social network. About that writes CNBC, citing internal documents and data from Twitter employees.
According to the report, Musk allowed investment firm partners involved in the deal to take over the social network to work on Twitter under his leadership. The source notes that at the moment it’s not clear how many employees attracted to the billionaire have already worked on Twitter and how much time they’ll be allowed to carry out their duties remotely.
At the same time, Tesla shareholders continue to express concerns that Musk’s financial commitments and controversial decisions as CEO of Twitter could negatively impact the automaker. Tesla shares are down about 25% since Musk took over Twitter on Oct. 27. More than 50 Tesla employees, mostly developers of the company’s autonomous driving system, were authorized to work on Twitter immediately after the billionaire became the platform’s CEO, according to the source.
At the same time, Musk recruited executives and employees of the aerospace company SpaceX, which is a large US defense company and cooperates with NASA, to work on Twitter. As of early December, more than ten senior SpaceX employees have been granted permission to work on Twitter. The situation is similar at The Boring Company, which deals with the laying of underground tunnels. According to the source, no fewer than three top executives at the company are currently helping Musk on Twitter. It is also known that in addition to employees of his companies, the billionaire has attracted long-time friends and investors interested in creating the so-called Twitter to work on Twitter. Twitter 2.0 led by Musk.
A recent Twitter official said Musk had made major changes to the company’s organizational structure since early November. Many managers today have more than 20 direct reports, whereas in the past their number did not exceed 10 employees. In addition, it has become more difficult to keep track of who is working on which projects.