Musk ends work-from-home on Twitter, warns of ‘tough times ahead’ after mass layoffs | Business News

Just days after firing half of its staff, Elon Musk has banned remote work at Twitter and warned employees of “difficult times” ahead.

surviving employee last week’s knockout According to Bloomberg, the new owners of the social network were told by email that they would be in the office for at least 40 hours a week.

He is said to have made the remarks in his first direct email to employees since buying the company for $44 billion last month.

Bloomberg said the world’s richest man wrote that only he could approve working from home, a move he threatened to implement when he first agreed to the purchase Twitter.

Musk It is also said to have told employees that he would like to see subscriptions account for half of the company’s revenue as it battles a tougher global economy that dampens ad demand.

He was reported to have spoken of the prospect and that “there is no way to whitewash the message.”

News broke last week that Twitter will Bill users $8 per month blue checkmark Verify the authenticity of user accounts.

Twitter Blue, the name of the subscription service for social media platforms, has gone live in the UK.

Twitter users on Apple iOS can now sign up and pay for the service, which will cause a blue badge to appear next to their profile name.

The move reflects not only Musk’s plans to increase the company’s revenue stream, but also plans to target bots and spam accounts.

In the broader tech space, Twitter isn’t alone in its efforts to cut costs.

While it has the highest percentage of job losses of any big name to date, Yuan More than 11,000 jobs were cut this week.

Microsoft is also one of the companies wielding the axe.

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