Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Steve Mollman

Zuckerberg credits Musk with kicking off tech trend of firing middle managers

(Credit: Jeff Bottari—Zuffa LLC)

Mark Zuckerberg is giving credit where credit is due. The Meta CEO believes that Elon Musk, by firing hordes of middle managers at Twitter after his $44 billion takeover last October, kicked off a trend that’s been “good for the industry.” 

After assuming control, Musk laid off thousands of employees, reducing headcount from about 7,500 to less than 2,000 by February of this year, according to TechCrunch.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.