Tesla CEO and new Twitter owner Elon Musk on Thursday called an impromptu all-hands meeting at the company’s San Francisco headquarters where he announced several drastic changes to the company’s operation, according to a report.
In an address to his staff, Musk announced that he was no longer permitting Twitter employees to work remotely. He also said he expects staff to work in the office for at least 40 hours a week and possibly up to 80 hours.
In addition to removing pandemic-era flexibility, Musk announced he will be cutting down office perks, including free food.
“If you don’t want to come, resignation accepted,” Musk said in the meeting, Bloomberg reported, citing a person with knowledge of the matter.
“A small amount of exceptional people who are highly motivated can do better than a smaller group of high achievers with moderate motivations. If you can’t perform hardcore, then Twitter is not for you,” Musk added, The Business Insider reported, citing another person who witnessed the meeting.
Prior to the meeting, Musk sent out an email where he said the company needs to move with urgency to make its $8 Twitter Blue subscription service something worth paying for to prevent Twitter from facing bankruptcy if they do not start generating cash.
“Frankly, the economic picture ahead is dire, especially for a company like ours that is so dependent on advertising in a challenging economic climate,” Musk wrote in the email, a copy of which was obtained by The Business Insider. “Without significant subscription revenue, there is a good chance Twitter will not survive the upcoming economic downturn. We need roughly half of our revenue to be subscription.”
Musk has made several significant changes to company operations since taking over in late October. Last week, Musk began reducing the company’s 7,500-strong global workforce as part of “an effort to place Twitter on a healthy path.”
Musk also dissolved the company’s board and fired a number of top-ranking employees, including former board chair Bret Taylor, chief executive Parag Agrawal, chief financial officer Ned Segal and the head of legal, policy and trust Vijaya Gadde.