Two weeks after taking on Twitter, Elon Musk has lastly addressed the corporate’s remaining employees and the message was bleak. Speaking at an all-hands assembly, Musk mentioned that Twitter is shedding a lot cash that “bankruptcy is not out of the question,” The Information and Platformer reported.
Twitter hasn’t turned a revenue since 2019, and advert income has declined considerably since Musk’s takeover as advertisers pull again from the platform. At the all-hands, Musk prompt that Twitter’s future relies upon upon the success of the revamped Twitter Blue subscription service.
“The reason we’re going hardcore on subscribers is to keep Twitter alive,” he mentioned, in response to The Information.
Musk additionally advised workers, once more, that they’re anticipated to work from Twitter’s workplace, a reversal of the corporate’s earlier “work from anywhere” coverage. “If you possibly can bodily make it to an workplace and also you don’t present up, resignation accepted,” he mentioned, Platformer’s Zoe Schiffer, reported.
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