Elon Musk fired 80% of Twitter, and Silicon Valley companies adopted the practice, finds report

After billionaire Elon Musk bought Twitter for $44 billion in 2022, he sent in loyalists, including ex-boring company exec Steve Davis and cousin James Musk, to “examine whether existing employees were value for money,” according to a report by The Telegraph. He soon slashed 6,000 workers, or 80 per cent of then-Twitter, now X, in a move that shocked the industry.