It's not as if Elon invented the idea. Every successfully entrepreneur who went on to found a large company has done it in one form or another. Maybe it didn't

It's not as if Elon invented the idea. Every successfully entrepreneur who went on to found a large company has done it in one form or another. Maybe it didn't take the form of layoffs, but cost-cutting is a natural behaviour when the soft money disappears. Happened in 2008 as well.