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Musk tells Twitter staff remote working will end | Musk tells Twitter staff remote working will end |
(32 minutes later) | |
Elon Musk has told Twitter staff that remote working will end and "difficult times" lie ahead, according to reports. | Elon Musk has told Twitter staff that remote working will end and "difficult times" lie ahead, according to reports. |
In an email to staff the owner of the social media firm said workers would be expected in the office for at least 40 hours a week, Bloomberg reported. | In an email to staff the owner of the social media firm said workers would be expected in the office for at least 40 hours a week, Bloomberg reported. |
Mr Musk added that there was "no way to sugar coat the message" that the slowing global economy was going to hit Twitter's advertising revenues. | Mr Musk added that there was "no way to sugar coat the message" that the slowing global economy was going to hit Twitter's advertising revenues. |
The BBC has contacted Twitter for comment. | The BBC has contacted Twitter for comment. |
Mr Musk, who also is the boss of Tesla, told staff at the electric car maker in June that working remotely was no longer acceptable. | Mr Musk, who also is the boss of Tesla, told staff at the electric car maker in June that working remotely was no longer acceptable. |
Musk blames 'activists' for Twitter earnings drop | Musk blames 'activists' for Twitter earnings drop |
The world's richest man has already announced half of Twitter's staff were being let go, a week after he bought the company in a $44bn (£38.7bn) deal. | The world's richest man has already announced half of Twitter's staff were being let go, a week after he bought the company in a $44bn (£38.7bn) deal. |
Mr Musk said he had "no choice" over the cuts as the company was losing $4m (£3.51m) a day. He has blamed "activist groups pressuring advertisers" for a "massive drop in revenue". | Mr Musk said he had "no choice" over the cuts as the company was losing $4m (£3.51m) a day. He has blamed "activist groups pressuring advertisers" for a "massive drop in revenue". |
As part of his shake-up of the social media platform, Mr Musk is rolling out plans to allow users to buy blue-tick verified status for $8 per month. | |
In his email to staff, Mr Musk said he wanted subscriptions to account for half of all Twitter's revenue. | |
But policy change is controversial, amid concerns that the platform could be swamped with fake accounts. | |
Until now, the verification badge was only given to notable or high-profile accounts which Twitter had analysed and deemed authentic. |