Musk's first email to Twitter staff ends remote work - Bloomberg News
Reuters
Published Nov 10, 2022 11:48
(Reuters) -Elon Musk in his first email to Twitter employees said remote work would no longer be allowed and that they would be expected in office for at least 40 hours per week, Bloomberg News reported on Thursday.
Musk, who completed his $44 billion deal for the popular social media platform just two weeks ago, has laid off half its workforce and several top executives and announced a series of actions including charging $8 for the Twitter Blue subscription.
Musk also told employees that he wants to see subscriptions account for half of Twitter's revenue, the report said, citing the email.
The company did not immediately respond to a Reuters request for comment.
When Twitter reopened offices in March, it had said employees could still work from home if they wanted.
Musk's move reflects policies at his other companies, SpaceX and Tesla Inc (NASDAQ:TSLA), where he told employees to work in the office at least 40 hours a week, or leave.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.