NEW YORK (AP) — Billionaire Elon Musk, who simply took over because the chief govt at Twitter after shopping for the corporate, mentioned he doesn’t wish to be the CEO of any firm.
Musk took the witness stand Wednesday in a Delaware courtroom to defend himself in a shareholder lawsuit difficult a compensation package deal he was awarded by Tesla’s board of administrators that’s probably price greater than $55 billion.
Whereas testifying, Musk mentioned “I anticipate to cut back my time at Twitter and discover anyone else to run Twitter over time,” in accordance with a number of media studies.
In a single day, Musk despatched an e-mail to the remaining employees at Twitter, saying that it’s a software program and servers firm at its coronary heart and he requested workers to resolve by Thursday night in the event that they wish to stay part of the enterprise.
Musk wrote that workers “will must be extraordinarily hardcore” to construct “a breakthrough Twitter 2.0″ and that lengthy hours at excessive depth will likely be wanted for success.
Musk, who additionally heads Tesla and SpaceX, mentioned Twitter will likely be far more engineering-driven, with workers who write “nice code” comprising the vast majority of the staff.
The billionaire, who accomplished the $44 billion takeover of the San Francisco firm in late October, fired much of its full-time workforce by e-mail early this month and is predicted to eradicate an untold variety of contract jobs for these chargeable for preventing misinformation and different dangerous content material.
Quite a lot of engineers additionally mentioned on Twitter they had been fired this week after saying one thing crucial of Musk, both publicly on Twitter or on an inner messaging board for Twitter workers.
Musk has vowed to ease restrictions on what customers can say on the platform.
Whereas he has been criticized from nearly all sides for probably opening the gates at Twitter to hate and different dangerous speech, he has tried to reassure advertisers, which drive a lot of the social platform’s income, that any rule modifications won’t injury their manufacturers by associating them with dangerous content material.
Musk has additionally indicated that he plans to renew Twitter’s premium service — which grants blue-check “verification” labels to anybody keen to pay $8 a month – on November 29. The billionaire mentioned in a tweet that the relaunch would happen later this month in an effort to verify the service is “rock stable.”
Musk requested employees to click on sure on a hyperlink offered within the e-mail in the event that they wish to be a part of the “new Twitter.” He mentioned that workers had till 5 p.m. Jap on Thursday to answer to the hyperlink. Workers who don’t reply by that point will obtain three months of severance, in accordance with the e-mail.
“No matter determination you make, thanks to your efforts to make Twitter profitable,” Musk wrote.
AP Know-how Reporter Matt O’Brien contributed to this report from Rhode Island. AP Author Randall Chase contributed from Delaware.