Twitter emails give a glimpse into how Elon Musk is attempting to cut costs and make Twitter a profitable business.
Key Details
- Twitter has been losing money—and Elon Musk has been running a “hardcore” business in an effort to save the company.
- Musk has sent out a series of emails updating company employees of the ever-changing policies at Twitter.
- The newest round of emails detail Musk’s vision for the company and the ways he is attempting to cut costs including cutting down on employee perks.
Why it’s news
Twitter has had a rough few weeks after Musk purchased the company—firings, layoffs, walkout, demands, and lawsuits.
The platform is continuing to be hit with a loss in revenue. Musk says Twitter is losing around $4 million a day and if something isn’t done he might have to file the company for bankruptcy.
In an effort to save the company and cut costs, Musk has sent many company wide emails detailing his policy changes. The newest round of emails show what his vision is for the company and how he is going to get there.
The emails outlined big changes coming to the company including employee perks being revoked. Twitter employees were once given money for COVID daycare, quarterly team activities, wellness, and home WiFi—and Musk will no longer be reimbursing employees for these “allowances.”
“Allowances will be reevaluated over time and may be added back when the company’s financial situation improves,” the email states.
Musk also wants to know what is happening within the company and sent an email to Twitter engineers explaining that they need to keep him updated on their progress.
The email sent to engineers explained that every Friday engineers must send him an email explaining: What project are you working on? What are you trying to accomplish? And samples of code written during the week.
Musk also details other policy changes including notifying about vacation requests, a cut-down in corporate card usage, and a change in food policy.
“As has been shared, we’re facing a challenging economic climate where greater attention to cost management is essential,” the email from Twitter’s HR department says. “The future of Twitter is super bright if we can work together to be wise stewards of the company’s resources.”
