The Damage Report
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Elon Musk CRUMBLES With Brutal Financial Demise In Real Time
Posted
November 11, 2022
Views
110,282
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4,280
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4.94%
November 11, 2022
110,282
4,280
1,173
4.94%
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6:10Now PlayingElon Musk gathers the Twitter employees that weren't fired in an emergency meeting to discuss the possibility of a 'dire' economic picture and potential for Twitter bankruptcy. John Iadarola and Brett Erlich break it down on The Damage Report.
Read more here:
Elon Musk floats bankruptcy as a possibility, demands 'hardcore' culture in first meeting with Twitter employees
"Elon Musk said in his first meeting with Twitter staff since buying the company that "bankruptcy isn't out of the question," sources who attended the event told Insider.
The billionaire on Thursday gathered employees for an impromptu all-hands meeting at Twitter's San Francisco headquarters, giving workers about an hour's notice. It took place after Musk earlier that morning sent Twitter staff an email, his first company-wide communication since he took over almost two weeks ago. In that note, he ended remote work and warned employees that the "economic picture ahead is dire."
Most of the questions during the meeting related to his email and the recent string of resignations of company leaders in the wake of last week's mass layoff, including those heading up internal systems security, privacy and compliance. Yoel Roth, Twitter's head of trust and safety, departed on Thursday.
One employee asked why Musk ended working from home, and the billionaire looked "visibly annoyed," and "just shut her down" saying that's the way the company will operate going forward, according to a person at the meeting."
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