PanaTimes

Friday, Feb 03, 2023

Musk ends working from home at Twitter and warns of 'difficult times ahead' after mass sackings

Musk ends working from home at Twitter and warns of 'difficult times ahead' after mass sackings

The billionaire reportedly carries out his threat to end remote working, telling his remaining workforce at Twitter that only he can approve requests to work from home.

Elon Musk has banned remote working at Twitter, warning staff of "difficult times" ahead, just days after sacking half the workforce.

Employees who survived last week's cull by the social network's new owner were told via email they would be expected to be in the office for at least 40 hours per week, according to Bloomberg News.

He was said to have made the remarks in his first direct email to employees since his $44bn takeover last month.

The world's richest man wrote that only he could approve working from home, Bloomberg said, a move he had already threatened to impose when he first agreed to buy Twitter.

Musk was also said to have told staff that he wants to see subscriptions account for half the company's revenue as it battles a tougher global economy that is depressing advertising demand.

There is "no way to sugarcoat the message", he was reported to have said about the outlook.

It was revealed last week that Twitter is to charge users $8 a month for blue check marks to verify the authenticity of a user's account.

Twitter Blue, the name for the social media platform's subscription service, has gone live in the UK.

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

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

Twitter has not been alone in its efforts to cut costs within the wider tech sector.

While its job losses accounted for the highest number, in percentage terms, among the big names to date, Meta cut more than 11,000 staff this week.

Microsoft has also been among firms to wield the axe.

Newsletter

Related Articles

PanaTimes
Close
0:00
0:00
EU found a way to use frozen Russian funds
First generation unopened iPhone set to fetch more than $50,000 at auction.
WARNING GRAPHIC CONTENT - US Memphis Police murdering innocent Tyre Nichols
House Speaker Kevin McCarthy said he will block Reps. Adam Schiff and Eric Swalwell from serving on the House Intelligence Committee
Almost 30% of professionals say they've tried ChatGPT at work
Interpol seeks woman who ran elaborate exam cheating scam in Singapore
What is ChatGPT?
Bill Gates is ‘very optimistic’ about the future: ‘Better to be born 20 years from now...than any time in the past’
Tesla reported record profits and record revenues for 2022
Germany confirms it will provide Ukraine with Leopard 2 tanks
Prince Andrew and Virginia Giuffre Photo Is Fake: Ghislaine Maxwell
Opinion | Israel’s Supreme Court Claims a Veto on Democracy
Moonwalker Buzz Aldrin Gets Married On His 93rd Birthday
Who’s Threatening Israeli Democracy?
Federal Reserve Probes Goldman’s Consumer Business
China's first population drop in six decades
Microsoft is finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown
Tesla slashes prices globally by as much as 20 percent
1.4 Million Copies Of Prince Harry's Memoir 'Spare' Sold On 1st Day In UK
After Failing To Pay Office Rent, Twitter May Sell User Names
Lisa Marie Presley, singer and daughter of Elvis, dies aged 54
FIFA president questioned by prosecutors
Britain's Sunak breaks silence and admits using private healthcare
Hype and backlash as Harry's memoir goes on sale. Unnamed royal source says prince 'kidnapped by cult of psychotherapy and Meghan'
Saudi Arabia set to overtake India as fastest-growing major economy this year 
Google and Facebook’s dominance in digital ads challenged by rapid ascent of Amazon and TikTok
FTX fraud investigators are digging deeper into Sam Bankman-Fried's inner circle – and reportedly have ex-engineer Nishad Singh in their sights
TikTok CEO Plans to Meet European Union Regulators
France has banned the online sale of paracetamol until February, citing ongoing supply issues
Japan reportedly to give families 1 million yen per child to move out of Tokyo
Will Canada ever become a real democracy?
Hong Kong property brokerages slash payrolls in choppy market
U.S. Moves to Seize Robinhood Shares, Silvergate Accounts Tied to FTX
Effect of EU sanctions on Moscow is ‘less than zero’ – Belgian MEP
Coinbase to Pay $100 Million in Settlement With New York Regulator
FTX assets worth $3.5bn held by Bahamas securities regulator
A Republican congressman-elect is under investigation in New York after he admitted he lied about his education and work experience.
Brazilian football legend Pele, arguably the greatest player ever, has died at the age of 82.
Hong Kong to scrap almost all its Covid rules
EU calls screening of travellers from China unjustified
US imposes Covid testing for visitors from China
Ukraine President Volodymyr Zelenskyy Addresses Joint Session of Congress - FULL SPEECH
Where is Rishi? Chancellor Jeremy Hunt's excuses about the UK's economic challenges just don't make sense
Former FTX CEO Bankman-Fried finally arrested in Bahamas after U.S. files charges
Corruption works: House Financial Services Chair Waters doesn't plan to subpoena her donor, Sam Bankman-Fried, to testify at hearing on FTX collapse
Ronaldo's new contract...
Prince William's godmother resigns honorary royal role after exposing her/their racism
Tax fraud verdict again exposes illusion of Trump the master businessman
Tax fraud verdict again exposes illusion of Trump the master businessman.
Yellen hints at ‘national security’ probe into Twitter purchase
×