The newly appointed owner of Twitter Inc., Elon Musk, has notified Twitter’s staff that remote working will end, sending out his first email on Wednesday warning them of “tough times ahead.” Additionally, he has prohibited remote work unless he allows it.
Musk says, “there is no way to sugarcoat the message.”
According to the email, there was a discussion about the state of the economy and how an advertising-dependent company like Twitter may be impacted. The new rules, which took effect right away, stipulate that employees must put in at least 40 hours a week at their jobs.
Since taking over as CEO of Twitter, Musk has let go of nearly half of the company’s employees as well as the majority of its executive team. Under the new administration, the cost of the Twitter Blue subscription has gone up to $8, and user verification has been added. Musk said in the email that he wanted Twitter to make half of its money from subscriptions.
Read also: Elon Musk Finally Buys Twitter, vows to make the app a digital town square
Twitter’s New Grey Tick
On Wednesday, many Twitter users noticed that a new “official” grey tick had been added to a lot of official, commercial, and public figure accounts.
However, it was abandoned hours later, with Mr Musk responding to one account by saying he “killed it.”
US President Joe Biden stated on Wednesday that Elon Musk’s connections with other nations were “worthy of being looked at.”
After being questioned on whether Twitter’s owner posed a threat to national security and whether Saudi Arabia’s role in helping him acquire Twitter should be looked into,
“Whether or not he is doing anything inappropriate, I’m not suggesting that.” I’m suggesting it’s worth looking at. “That’s all I’m going to say,” Biden said in a statement.
Even though Musk bought Twitter, Prince Alwaleed bin Talal of Saudi Arabia is still one of its biggest owners.
Highlights of a Q&A Section On Twitter
Prior to the epidemic, Twitter had a “work-from-anywhere” policy that it continued to follow. Musk has made it clear that he doesn’t like Tesla’s policy on working from home, but he did say in a June Q&A with Twitter that “extraordinary” people would be able to keep doing it.
“The road ahead is arduous and will require intense work to succeed,”
According to Bloomberg, Musk sent an email to Twitter staff on Wednesday. As the new owner of Twitter, one of the first things he did was fire half of the company’s employees all at once, destroying whole teams. In the meantime, Meta just fired 11,000 people, and experts think that advertising spending will grow more slowly in 2023.
Musk’s way of running a business and his personal tweets have already hurt Twitter’s ad sales. Major advertisers have suspended their spending on Twitter in response to Musk’s takeover and his plans to make the social media site more about “free expression,” including the insurer Allianz and the carmaker Audi.
Musk assured advertisers that he had heard their concerns during a public Q&A on Twitter Spaces on Wednesday and that no changes to the platform’s content moderation guidelines have yet been made. Musk has previously accused unnamed “activist groups” of pressuring advertisers to cancel campaigns (without providing any supporting data for this assertion) and charged the same anonymous people with “trying to destroy free speech in America.”
The most noticeable change to Twitter’s verification process is that anyone can now pay $8 for a badge that used to show that an account was real. This has already let a lot of people pretend to be famous people and brands.