In the third week of Elon Musk’s ownership of Twitter and after massive layoffs, the billionaire exposed the social media platform’s fragile financial future amid layoffs of top executives and employees.
In an email to employees and at a subsequent staff meeting, Musk did not inspire confidence in the company’s future. In one of the emails, Musk talked about the harsh economic conditions the company is facing and how important he thinks Twitter Blue’s subscription service is to its future.
“Without significant subscription revenues, there is a good chance that Twitter will not survive the coming economic downturn,” Musk said in the email. “We need about half of our revenue to come from subscriptions.”
In addition, Elon Musk announced to his employees to prepare for an 80-hour work week and stripped them of the perks of free food. Asked about the prospect of fatigue from the 80-hour work week, Musk said they all need to be “more hardcore.”
Messages were sent to Twitter asking for comment, but it is unlikely that anyone will respond since the communications department has been cut.