After acquiring Twitter, elon Musk intends to reduce his time at big tech and eventually find a new leader to run the company. The billionaire said on Wednesday that he expects to complete an organizational restructuring later this week.
Musk wrote in a post that he will continue to run Twitter until he is in a strong place, although “it will take some time”.
Musk’s tweet came after former CEO Jack Dorsey said he would not accept the CEO job at Twitter. In response to a Twitter user when asked if he would take over as CEO, he said “no”.
Tesla investors are increasingly concerned about the time Musk is dedicating to transforming Twitter.
“There is an initial burst of activity needed post-acquisition to reorganize the company,” Musk said. “But then I hope to reduce my time on Twitter.”
Musk also admitted that some Tesla engineers were helping Twitter’s engineering teams evaluate, but said it was “voluntary” and “off-hours”.
The billionaire’s first two weeks as owner of Twitter were marked by rapid changes. He fired the previous CEO and other leaders and laid off half of his staff earlier this month.