The news was revealed by Mr. Musk in an email sent to staff members on Wednesday morning. The message’s subject line read A Fork in the Road, and The New York Times received a copy of it. The 51-year-old Mr. Musk reaffirmed that Twitter faced a challenging road ahead in the statement and offered staff members three months of severance if they did not want to stay on board to develop a breakthrough Twitter 2.0.
Since completing his $44 billion acquisition of Twitter about three weeks ago, the billionaire has been uncompromising in his efforts to overhaul the social media platform quickly. Mr. Musk sacked workers who had criticised him and promptly cut half of Twitter’s 7,500-person workforce. He also fired hundreds of contractors and reduced infrastructure expenditures. Additionally, he stated that Twitter must increase its revenue or risk going out of business. Additionally, he has promoted subscription services while simultaneously courting and disparaging Twitter’s sponsors.By setting a departure date for the remaining staff, Mr. Musk is able to further reduce expenses while also getting rid of any unhappy employees. A group of close friends and workers from some of Mr. Musk’s other businesses, like the electric vehicle manufacturer Tesla, have joined him. A billion requests for comment from Mr. Musk and Twitter were not immediately fulfilled.Mr. Musk warned Twitter staff in a memo he sent out on Wednesday that they would have to work very hard. We will need to be incredibly hard-core in a world that is becoming more and more competitive, he stated. This will entail putting in long hours of intense work. The only acceptable performance will be exceptional performance .
