Elon Musk's pressure mounts on X CEO Linda Yaccarino to cut costs and boost revenue: Report

As per the report, successful effect to these pressures, Yaccarino has made respective decisive moves wrong her enforcement team. Notably, she dismissed Joe Benarroch, her main concern operations and communications officer, who had been a adjacent advisor.

The study adds that sources wrong X bespeak that Benarroch’s departure was mostly owed to his mismanagement of a caller big contented argumentation rollout, which failed to adequately pass clients earlier its nationalist announcement.

Reportedly, this enforcement shake-up comes amid escalating tensions betwixt Musk and Yaccarino. Having been recruited by Musk from NBCUniversal, Yaccarino is nether immense unit to stabilize X's fiscal standing. This has led to fund cuts crossed the US and UK income teams and reduced expenditures connected assorted fronts, including travel.

Recently, an all-hands gathering astatine X, led by Yaccarino, was reported successful the media. During the meeting, Yaccarino urged employees to enactment Musk’s caller venture, x.AI, but provided constricted accusation regarding X's advertizing concern performance. According to The Verge, employees were anxious for updates connected the company's show reviews, which person been delayed without explanation, and expressed concerns implicit missing gross targets for the quarter. Additionally, determination person been caller layoffs wrong the company, contributing to unit anxiety.

Steve Davis, CEO of The Boring Company and a adjacent subordinate of Musk, has been intimately examining the finances astatine X's San Francisco office for respective weeks, further heightening worker concerns.

In this clime of uncertainty, employees sought clarity connected the company’s show reappraisal process and concern metrics during the caller all-hands meeting. However, according to The Verge, these topics were not thoroughly addressed.

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Published: 24 Jun 2024, 04:41 PM IST