Notify the new Twitter owner, Elon Musk In an email to his employees, he said the company’s bankruptcy was not ruled out and warned them that the company could lose billions of dollars next year.
On Wednesday evening, Musk sent the first two company-wide messages to his employees who survived the mass layoffs that took place last week, ordering them to immediately return to their offices and work for a minimum of 40 hours per week, and also warned them of timing. difficult that await us, according to the Associated Press. “.
As Musk said in one of his letters, before describing the bad economic climate for companies like Twitter, which rely almost entirely on advertising to make money, “I’m sorry this is the first email I’ve ever sent to the entire company, but there is no way to embellish the message “.
slowdown on arrival
“Without significant subscription revenue, there is no good chance Twitter will survive the next economic slowdown. We need to be close to half of our subscription revenue,” he explained.
Musk’s message followed a live-streamed conversation in an effort to appease top advertisers on Wednesday, his most comprehensive public comments on the future direction of the blue app since he struck a $ 44 billion deal to buy the social platform. media late last month and sacked its top executives.
Many have had to rely on public tweets from the billionaire and Tesla CEO for clues about Twitter’s future.
50% reduction in the workforce
An executive said last week that Twitter had cut nearly 50% of its 7,500-employee workforce earlier this year.
Interestingly, Musk acquired Twitter at the end of last month (October 2022) for $ 44 billion after many months of tug-of-war.
Since the completion of the acquisition deal, he has moved quickly to make his mark on the company and fired his former president, Paraj Agrawal and other senior officials, to turn the rosary later!
