Does this seem a surprising mis-step for a guy who has run multiple companies before, even succesful ones? Or I guess maybe this is actually pretty typical, you

Does this seem a surprising mis-step for a guy who has run multiple companies before, even succesful ones? Or I guess maybe this is actually pretty typical, you can't lay off that much of your company without making some big mistakes you try to reverse? (But still... this isn't Musk's first rodeo, right? Why does it seem like he doens't know what he's doing?)