Elon Musk, the new owner of Twitter Inc., met with employees for the first time since laying off 3,700 workers without warning. He warned them to expect some “interesting times” in the coming weeks. After purchasing Twitter for $44 billion, Elon Musk terminated the work-from-home policy, let go of half the workforce, and removed several executives in under two weeks.
Elon Musk has warned that Twitter could go bankrupt if it doesn’t start making more money. Twitter employees will no longer have the option to work from home, will no longer receive free food, and will be required to work 80 hours per week, Elon Musk said, warning them of “difficult times ahead.”
Even if you don’t see yourself leaving Twitter anytime soon, you’ll need to accept the changes if you want to continue working there. Elon Musk was reportedly cited as stating, “If you don’t want to come, resignation accepted” in a no-work-from-home statement. According to Elon Musk, the era of free lunches and other amenities is finished.
With “no way to sugarcoat the message,” Elon Musk informed workers of “difficult times ahead” in an email sent late Wednesday. Without his approval, employees were no longer permitted to work from home.
Usage of Twitter continues to rise. One thing is for sure: it isn’t boring!
— Elon Musk (@elonmusk) November 10, 2022
Some advertisers have pulled back from Twitter out of concern for Elon Musk’s plans for content moderation, and the company’s debt load has increased significantly as a result of the acquisition. The Information and Platformer previously reported that Elon Musk has filed for bankruptcy.
It’s the latest in a string of departures from Twitter since Elon Musk took control. On Thursday, Yoel Roth, who had been in charge of Twitter’s efforts to counteract hate speech, false information, and spam, announced his resignation. Twitter’s Chief Information Security Officer Lea Kissner announced her resignation the day before.
The new owner of Twitter Inc., Elon Musk, held a meeting with staff for the first time since he unexpectedly laid off 3,700 employees. There would be some “interesting moments” ahead, he foretold.
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