Read Elon Musk’s first email to all Twitter employees: Remote work over, company needs subscriptions to survive downturn

A video grab taken from a video posted on the Twitter account of billionaire Tesla chief Elon Musk on October 26, 2022 shows himself carrying a sink as he enters the Twitter headquarters in San Francisco. Elon Musk changed his Twitter profile to “Chief Twit” and posted video of himself walking into the social network’s California headquarters carrying a sink, days before his contentious takeover of the company must be finalized.

In his email to employees, Musk said he was ending the social network's "work from home forever" policy. According to the email obtained by CNBC, Musk wants employees to work at least 40 hours a week and will personally approve any alternative arrangements.

The company might not survive without significant subscription revenue. Musk wants to shift the company's business so that it makes more money from subscriptions and less from advertising. He said in the staff email that he still expects the micro-messaging service to make a lot of money.

The policy changes were previously reported by the news agency.

Current employees tell CNBC that there have been more resignations from C-level executives at the micro-blogging site.

Kissner wrote on the social networking site.

I made the difficult decision to leave the social networking site. I am proud of the privacy, security, and IT teams and the work they have done. I want to figure out what's next. Kissner said, "I've loved this job and we got quite a bit done, but here we are."

The return-to-office policy that Musk implemented at his electric vehicle maker,Tesla, is also reflected in Musk's return-to-office policy. He told employees that they had to return to work at least 40 hours a week.

When some employees were unable to return to the office immediately, they were told they would be able to continue working for another few weeks, but that they would not be allowed to return until they agreed to do so.

Musk's electric car and sustainable energy company had a culture that was very different from that ofTwitter.

One of the first companies to institute a long-term remote work policy during the Covid epidemic was Jack Dorsey, who told employees in May 2020 that they could work from home indefinitely.

Advertisers have stopped spending on the social network until Musk and his team can prove that they can curb hate speech, online harassment, fake accounts and fraud.

A request for comment was not responded to by the company.

The full e-mail is transcribed by CNBC.

The email was removed from the sender.

The time stamp was removed.

To the team.

There is no way to sugarcoat the message since it is my first email to the entire company.

The economic picture is dire for a company like ours that is so dependent on advertising. We are doubly vulnerable due to the fact that 70% of our advertising is brand.

Over the course of the past ten days, the priority has been to develop and launch a new subscription service for the social networking site.

Without significant subscription revenue, there is a good chance that it won't survive. Half of our revenue needs to be subscriptions.

I am spending time with our sales and partnerships teams to make sure that we are appealing to advertisers.

The discussion that Robin, Yoel and I had today was called Spaces.

It will take a lot of hard work to get the road ahead. Remote work is not allowed unless you have a specific exception. The exception lists will be sent to me by managers.

Everyone will have to be in the office for at least 40 hours a week. It's understandable if you can't travel to an office or have a personal obligation.

I can't wait to work with you to take it to the next level. The amount of potential is amazing.

Thank you.

There is a person named "Emil."

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