JPMorgan Global Markets Strategist Jack Manley and The Fitz-Gerald Group CEO Keith Fitz-Gerald discuss Tesla’s Investor Day and whether now is the time for investors to step off the sidelines on the Claman Countdown.
Twitter CEO Elon Musk reportedly sent a note to employees early Wednesday morning to remind them that working from home is not acceptable.
According to Platformer Editor-in-Chief Zoë Schiffer, Musk emailed staff at 2:30 a.m. and wrote that “office isn’t optional.” In the email, he complained that half of the San Francisco headquarters was empty the day before.
Musk isn’t a fan of remote work. Back in November, he ended Twitter’s work-from-home adjustments, telling employees within driving distance of the office that they had to show up in person or consider their “resignation accepted.”
Last summer, he sent a similar note to his employees at Tesla, telling employees they needed to be in the office at least 40 hours a week. “Remote work is no longer acceptable,” was the subject line of that email.
ELON MUSK SAYS TWITTER WILL OPEN THE CODE IT USES TO RECOMMEND TWEETS
This video clip, taken from a video posted to billionaire Tesla CEO Elon Musk’s Twitter account on Oct. 26, 2022, shows him using a sink as he enters Twitter headquarters in San Francisco. (Elon Musk/AFP Twitter account via Getty Images/Getty Images)
Since his $44 billion acquisition of the social media platform, Musk has shown no hesitation in opening the door to Twitter employees who disagree with his vision. He has ordered several rounds of layoffs, both as a cost-cutting measure and as a way to eliminate those who disagree with the direction he is taking the company.
Twitter is no longer responding to press requests for comment. The email address [email protected] automatically replies to journalists with a poop emoji.
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A view of Twitter’s headquarters in San Francisco, February 8, 2023. (Tayfun Coskun/Anadolu Agency via Getty Images/Getty Images)
As the era of the COVID-19 pandemic comes to an end, more and more companies are allowing their remote workers to return to the office.
A Labor Department report released this week found that 72.5% of companies said their employees had rarely or not at all telecommuted in the past year, the Wall Street Journal reported. That number was up from 60.1% in 2021. The survey found that there were around 21 million more full-time local workers in 2022 compared to the previous year.
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In this photo illustration, Elon Musk’s Twitter account is displayed on a smartphone with the Twitter logo in the background. (Rafael Henrique/SOPA Images/LightRocket via Getty Images/Getty Images)
The proportion of companies with some but not all employees teleworking was 16.4% in 2022, down from 29.8% a year earlier, according to the Labor Department.
| ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| DIS | THE WALT DISNEY CO. | 94.09 | -1.68 | -1.75% |
| META | META PLATFORMS INC. | 206.01 | +1.73 | +0.85% |
| SBUX | STARBUCKS CORP. | 98.34 | -0.08 | -0.08% |
The newspaper noted that several large companies are urging their employees to show up in person at the office more often. These include the Walt Disney Co., which requires employees to come into work four days a week, Starbucks Corp. and Facebook parent company Meta Platforms Inc.
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“Our hypothesis is that it’s still easier to build trust in person, and that these relationships help us work more effectively,” Meta CEO Mark Zuckerberg wrote in a letter to employees earlier this month.