Social media platform X, owned by the world's richest man Elon Musk, is supposedly making structural changes ahead of its parent company SpaceX's initial public offering (IPO), the Wall Street Journal reported on Thursday.
According to the media outlet's sources with knowledge of the situation, social media platform X laid off its chief marketing officer and more than 20 workers in non-technical positions, including marketing and other departments that were thought to be redundant with positions within the combined company.
X was acquired by xAI last year, while xAI and SpaceX merged earlier this year, after which Musk himself announced reorganization and departures within his artificial intelligence company xAI.
https://breakingthenews.net/Article/Musk's-X-may-be-restructuring-ahead-of-SpaceX-IPO/65961778
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