Elon Warns Employees of Twitter's Survival Without New Revenue Sources
November 11, 2022 By Jozeph P
(Image Credit Google)
According to an AP report, Elon Musk warned Twitter employees on Thursday that if they can't find new revenue sources, they should be ready for challenging times ahead.
The surviving Twitter employees now face difficult working conditions to match the demands of the new Chief Twit while the company continues to lose high-level personnel in charge of data protection, regulatory compliance, and cybersecurity.
Yoel Roth, Twitter's head of trust and safety, is one of the alleged departing employees. An official who confirmed Roth's resignation was seen by AP looking through an internal message board.
The modifications were a part of Musk's purchase of the social media platform on another busy day. Musk directed employees to stop working from home and come into the office.
The modifications were a part of Musk's purchase of the social media platform on another busy day. In an email sent to employees on Wednesday night, Musk directed them to stop working from home and come into the office on Thursday morning. In the letter, Musk stated that there is a strong risk Twitter won't survive the approaching economic crisis without large subscription money.
"We need subscriptions to make up around half of our revenue."
Musk reportedly said that certain "extraordinary" employees might ask for an exemption from his return-to-office mandate, while those who are against the setup could resign, according to an employee who attended the conference and spoke anonymously to AP.
Musk appeared to have ignored the employee's concerns about how a smaller Twitter workforce was carrying out its obligations to preserve privacy and data security requirements, the employee continued.
Musk's memo and staff meeting on Twitter's advertisers reaffirmed a live-streamed discussion he had on Wednesday in which he aimed to persuade key marketers to keep using the site for their advertising.
Since he concluded a $44 billion agreement to acquire the social media network and ousted its top executives last month, this was Musk's most in-depth public assessment of Twitter's future.
In fact, several big businesses have stopped running ads on Twitter, including Tesla's competitor GM. A few famous people have also left the platform because they don't trust Musk to run it.
By Jozeph P
Journalism explorer, tech Enthusiast. Love to read and write.