Elon Musk reportedly said Twitter could file for bankruptcy next year

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Twitter’s new owner Elon Musk reportedly told staff in an all-hands meeting on Thursday that the company’s financial issues are so severe that “bankruptcy is not out of the question” if it doesn’t start bringing in significantly more money, as the billionaire privately expresses a bleak future outlook for Twitter.

Musk reportedly also advised staff to submit their resignation letters if they weren’t physically present at work for 40 hours per week. Even though Twitter had previously permitted employees to work from anywhere, Musk has been adamant about people going back to the office. In recent days, a number of Twitter executives have left the company, including Lea Kissner, chief information security officer, who made her departure from the company official early on Thursday.

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Elon Musk reportedly said Twitter could file for bankruptcy next year

Twitter’s new owner Elon Musk reportedly told staff in an all-hands meeting on Thursday that the company’s financial issues are so severe that “bankruptcy is not out of the question” if it doesn’t start bringing in significantly more money, as the billionaire privately expresses a bleak future outlook for Twitter.

Musk reportedly also advised staff to submit their resignation letters if they weren’t physically present at work for 40 hours per week. Even though Twitter had previously permitted employees to work from anywhere, Musk has been adamant about people going back to the office. In recent days, a number of Twitter executives have left the company, including Lea Kissner, chief information security officer, who made her departure from the company official early on Thursday.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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