After Elon Musk acquired Twitter, in addition to reforming the company’s employee system and requiring employees to have a “positive” work attitude for the company, he also began to reduce expenses in all aspects. According to industry chain analyst Ming-Chi Kuo, following Elon Musk took over Twitter, server orders dropped by 80%, almost all of which are equipped with Intel chips, making the chip company the biggest victim.
Ming-Chi Kuo pointed out that Twitter’s order cutoff is not conducive to Intel’s operating income and profits in 2023. The server is an important key to driving Intel’s revenue, and they have become the biggest loser in this cut-off. He also predicts that the worst time for the server market has yet to come, and the decline in server market shipments in 2023 will even be lower than market expectations.
Although Elon Musk has been accused of causing chaos following taking over Twitter, in the current economic situation, it may be wise to cut orders and reduce server purchases. Technology companies are now seeking to save costs. Except for Twitter, large companies are saving money by laying off employees and cutting costs.
After Elon Musk took over Twitter, he set a goal to reach 1 billion users within 18 months. This will be a major challenge under the circumstances of reducing infrastructure expenditures and reducing the number of employees.
source:The Tech Outlook
