California US: The micro-blogging site, Twitter’s new owner, Mr. Elon Musk has revoked the platform’s work-from-home policy and forced all employees back to the office after sacking 3,700 people.
The Tesla CEO wrote in a memo to employees that the “road ahead is arduous and will require intense work to succeed.” Mr. Musk additionally stated that working from home would no longer be permitted, save in exceptional cases that the CEO would personally review.
The announcement comes as the business keeps laying off employees. After purchasing the company for $44 billion, Mr. Musk fired over half of its 7,500 employees. The platform’s Chief Information Security Officer, Ms. Lea Kissner, revealed that she had left Twitter, marking the most recent high-profile departure.
Remote work is no longer allowed unless you have a specific exception. Managers will send the exception lists to me for review and approval.
Mr. Musk stated.
The Tesla owner claimed that a halt in ad expenditure on Twitter had resulted in “a massive drop in revenue.” The majority of Twitter’s more than $5 billion in yearly earnings comes from advertising.
Concerns have been raised regarding the company’s ability to uphold platform security and adhere to legal requirements in the wake of the large layoffs. These worries were aggravated this week by the resignation of three top security executives from the organization, including Ms. Kissner, Mr. Damien Kieran, the Chief Privacy Officer, and Ms. Marianne Fogarty, the Chief Compliance Officer.
In their absence, staff members have been reportedly urged to “self-certify” that the platform is operating in accordance with privacy rules. Billions of dollars in fines could be assessed for breaking these laws. This comes after Twitter and the Federal Trade Commission reached a settlement in May about privacy-related issues as part of which, the platform is now forced to conduct privacy reviews prior to making changes to its products.