In the midst of Twitter’s ongoing layoffs, Elon Musk may have settled on a new CEO – Steve Davis, a long-time Musk associate and current CEO of The Boring Company.
Musk founded The Boring Company, which provides infrastructure and tunnel building services.
Platformer claims that Davis joined Twitter last year as a member of Musk’s transitional team.
Davis was given a $500 million cost-cutting assignment by Musk, but he really slashed costs by almost $1 billion.
“His success in bringing costs down by any means necessary has led to growing speculation internally that Musk will choose him to be Twitter’s next CEO,” the report mentioned.
Davis has risen as one of Musk’s top lieutenants at Twitter, which is undergoing enormous churning and layoffs.
According to the report, the most recent layoff affected more than 200 people, with Davis playing an important role.
More product managers, engineers, and data scientists were laid go in the latest round of layoffs.
Chris Reidy, the company’s interim head of sales, was also asked to leave.
With this latest layoff, the Twitter CEO has completed at least four rounds of layoffs.
This is despite his commitment not to sack any more staff following his ruthless layoff exercise in November last year, which affected two-thirds of the microblogging platform’s 7,500 employees.
The Boring Company formed as a division of SpaceX before splitting apart in 2018.
Its continuing projects are for intra-city (loop) transit systems, which are all-electric, zero-emissions, high-speed subterranean public transportation systems that take passengers to their destination without stopping in between.