'It's not strange for Twitter to go bankrupt anymore,' CEO Elon Musk notified by email to all employees

The first email to all employees since Elon Musk acquired Twitter was sent on Thursday, November 10, 2022. In the email, Musk explained that the company's financial situation is tough, and if things don't improve, Twitter could go bankrupt in 2023.

Musk Warns Twitter May Lose Billions Next Year — The Information

Musk Paints Bleak Picture for Twitter as Executives Depart - The New York Times
https://www.nytimes.com/2022/11/10/technology/elon-musk-twitter-employees.html

According to Mask CEO, Twitter does not have the cash to survive in the future, and in 2023 cash flow will be in the red of billions of dollars (hundreds of billions of yen), more than used They said they could go bankrupt if they don't get the money.

On top of that, although it is not possible to increase the number of Twitter users to 1 billion or make a huge loss, from my own experience at SpaceX and Tesla, 'If there is an attractive product, people will buy it. Let's do it,' Musk said.

CEO Musk said that Twitter had a deficit of $ 4 million (about 509 million yen) a day in a large-scale personnel reduction, and that there was no room not to reduce personnel, and in fact in the last 10 years It was only two years that the balance was in the black.

In addition, when asked, ``How do you plan to deal with the expected reduction in personnel and how do you plan to align everyone with a shared vision?'', Mask CEO said, ``I don't know ... we all have more You have to be hardcore,' he said.