Elon Musk has remained in the news constantly since his Twitter takeover for different reasons. Sometimes it has been the blue checkmark on Twitter, or some other times are blocking accounts for impersonating others.
Elon Musk’s new announcement
Musk has been randomly firing employees from the social media platform since his takeover. Guess the latest announcement from the Twitter owner. If a Twitter employee doesn’t show up to the office physically, the company will consider that his resignation has been accepted. Twitter Managing Editor Zoe Schiffer tweeted about the announcement. Musk said this while he was conducting an all-hands meeting.
Musk informed on Wednesday via e-mail about discontinuing remote work, reiterating his expectation that employees will work for at least forty hours a week from the office, with an exception allowed only if he approves it personally.
Controversies go on
It has been two weeks since the Tesla CEO acquired Twitter for $44, and he reduced the micro-blogging platform’s workforce by 50% within just one week. The billionaire warned employees of layoffs even before taking control of Twitter.
Musk cleared his intentions
The company has not experienced any profit in years. The strategies Elon Musk intended to adopt included maintaining democracy and social harmony, increasing earnings and minimizing work strength.
Musk said the company was losing $4 million every day. He even announced charging $8 per month for verified Twitter accounts despite criticisms and the exit of many users. The world’s richest person said clearly that he has to earn money anyway.
The Twitter owner said during the meeting that there is a possibility of bankruptcy if the cash flow is not improved.
