As with most high price takeovers….
Elton Musk WILL cut the ass out of the company to try and save it…..
Urging the remaining workers to hucker down and do work their tail’s off for less pay and benefits so he can make money….
He’s already auctioned off TONS of his Tesla stock holdings to infuse cash into Twitter
As we have seen with Donald Trump…
He could sell the piece’s….
Twitter earns about 90 percent of its revenue from advertisers, some of whom have shied away from the platform in recent days because of uncertainties over Mr. Musk’s commitment to removing toxic content from Twitter. He has responded by threatening a “thermonuclear name & shame” of advertisers who choose to halt their spending.
Mr. Musk has also raced to find new subscription revenue. One of his first projects was to revamp a subscription service, Twitter Blue. He raised the price to $8 a month and said subscribers would receive a verification check mark, which Twitter has typically given to prominent users like celebrities and politicians.
In one of his emails to staff on Wednesday, Mr. Musk said subscriptions should eventually account for about half the company’s revenue. “Without significant subscription revenue, there is a good chance Twitter will not survive the upcoming economic downturn,” he wrote.
Mr. Musk also told employees that they must return to the office on Thursday and work from there for a minimum of 40 hours a week. Twitter’s work force had been remote since early in the pandemic, and in recent years, its employees have been allowed to choose where they want to live rather than remaining in cities where the company has offices.
At some of Mr. Musk’s other companies, including Tesla and SpaceX, he has also said employees must go into the office to work 40 hours a week.
On Twitter’s Slack during Mr. Musk’s meeting with employees on Thursday, people discussed the merits of resigning or being laid off. “Don’t resign, be fired,” one worker wrote in a companywide channel, in a message viewed by The Times.
“Resignation is cheap and easy for the employer,” the employee wrote. “If you have a better plan lined up, go for it. If you are intimidated into considering resignation, don’t.”….
All this is a shame….
I LOVE the platform….