Elon Musk tells Twitter staff to prepare for ‘difficult times ahead’ and ends remote work


Illustration by Laura Normand / The Verge

Elon Musk has sent his first email to Twitter employees, warning them to prepare for a “dire” economy and putting an immediate end to remote work.

In the email sent to Twitter staff late Wednesday evening and obtained by The Verge, Musk warned that a weaker economic environment in the US would mean difficulties for the company’s ads business. “Frankly, the economic picture ahead is dire, especially for a company like ours that is so dependent on advertising in a challenging economic climate,” he wrote. “Moreover, 70% of our advertising is brand, rather than specific performance, which makes us doubly vulnerable!”

“Without significant subscription revenue, there is a good chance Twitter will not survive the upcoming economic downturn.”

Continue reading…

Source: ​Read More 

Leave a Comment

Generated by Feedzy