Speculation is rife among Twitter staff that The Boring Company CEO Steve Davis could replace Elon Musk as the chief executive of Twitter, according to a recent report from Platformer.
The publication said that Davis helped orchestrate a round of layoffs at the social media company that impacted about 200 people this week. Ahead of the layoffs, the executive at Musk’s tunnel company called Twitter managers and asked them to identify “exceptional” employees, Platformer reported. Davis’ role in the layoffs has caused employees across “all levels” of the company to theorize that he will replace Musk as Twitter CEO, per Platformer.
Since he took over in October, Musk has more than halved Twitter’s workforce.
At the same time, Davis has become increasingly involved at Twitter. In December, The Information reported that The Boring Company CEO had been told to find ways to cut about $500 million in operating costs at Twitter. He ended up slashing about $1 billion by terminating some contracts with outside companies and negotiating others down, per The Information.
The Information also reported that Davis had taken a page out of Musk’s playbook and was one of the first employees to start sleeping at Twitter’s headquarters in San Francisco in October. The Boring Company CEO spent the first few weeks after his baby was born sleeping in a makeshift bedroom in the office, along with his newborn and partner, according to the report.
Davis became the chief executive of Musk’s tunnel construction company in 2019. Musk founded the company about three years prior with a vision of creating a network of high-speed tunnels, known as a Hyperloop. Before he became CEO of The Boring Company, Davis worked with Musk at Space X. The two men have worked together since 2003, per The Information.