Twitter staff banned from working from home, Elon Musk warns of difficult times

Elon Musk, the new owner of micro blogging site Twitter, has banned his workers from working from home or remote location. Along with this, he has also advised the workers to be prepared for difficult times. Musk said there is no way to ignore the state of the economy and how it will impact a company like Twitter that relies on advertising.

According to Bloomberg News, Musk addressed the new issue in his first email to Twitter staff. rules Gave information about. Under these rules, the staff will have to stay in the office for at least 40 hours in a week. After taking over Twitter last week, Musk laid off almost half of the company’s staff. Apart from this, they have increased the price of Twitter Blue subscription to eight dollars and user verification has been added to it. Musk said he would like to see subscriptions account for half of the company’s revenue.

Earlier, there was a provision for Twitter workers to work from anywhere permanently. The company started work from remote location during the pandemic. Musk said he was against such a system and would allow it on a case-by-case basis. Musk said in the email that the path ahead is difficult and hard work will be required to achieve success.

Musk, the chief executive officer of electric car maker Tesla, has sold shares worth at least $3.95 billion in Tesla just days after buying Twitter. He said in August that he would sell Tesla shares only if he was forced to buy Twitter. In the regulatory filing made by the company, it has been said that Musk has sold about 1.95 crore shares. However, no information has been given whether there was a plan for this or not. Musk, who bought Twitter for about $44 billion, has taken a loan of about $13 billion from American banks for this. Apart from this, some high net worth investors have promised to invest about seven billion dollars in the company.