Musk's DOGE has already identified $1 billion in savings - bigger cuts are on the horizon - Cost-cutting team now working on larger parts of U.S. budget like military and Medicare
The article from MSN discusses Elon Musk's approach to cost-cutting at X Corp, formerly known as Twitter, where he has already identified $1 billion in savings. Musk, known for his drastic measures, has significantly reduced the company's workforce, cut back on employee benefits, and minimized expenses like office space and software subscriptions. Despite these savings, Musk has indicated that further cuts are necessary, aiming to make X Corp profitable. The article also touches on the broader implications of these cost-saving measures, including potential impacts on employee morale and the company's operational capabilities. Additionally, it hints at Musk's vision for X to become an "everything app," similar to WeChat, which might require substantial investment despite the ongoing cost reductions.
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