Musk Quits Work From Home On Twitter And Warns Of “Tough Times Ahead” After Mass Layoffs | Business news



Elon Musk banned remote working on Twitter, warning staff of “tough times” coming, just days after he laid off half the workforce.

Surviving employees the culling last week the new owner of the social network was told by email that they should be in the office for at least 40 hours a week, according to Bloomberg News.

It is said to have made the remarks in its first email to employees since its $ 44 billion acquisition last month.

The richest man in the world wrote that only he could approve work from home, Bloomberg said, a move he had already threatened to enforce when he first agreed to buy. Twitter.

Moss he is also said to have told staff that he wants subscriptions to account for half of the company’s revenue as he battles a tougher global economy that is depressing advertising demand.

“There is no sweetening the message,” he is said to have said of the prospects.

Last week it was revealed that Twitter will charge users $ 8 per month for blue check marks to verify the authenticity of a user’s account.

Twitter Blue, the name of the social media platform’s subscription service, was published in the UK.

Twitter users on Apple’s iOS can now sign up and pay for the service, which will give them the blue badge next to their profile name.

The move reflects not only Musk’s plans to increase the company’s revenue streams, but also to target bot and spam accounts.

Twitter wasn’t alone in its efforts to cut costs within the broader tech sector.

While his job losses were the highest number, in percentage terms, among the big names to date, Half cut more than 11,000 employees this week.

Microsoft has also been among the companies to wield the ax.

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