NEW DELHI: In a first-ever townhall with Twitter employees, billionaire Elon Musk who purchased the microblogging site in a $44 billion deal, said that the company may go for bankruptcy unless more revenue is earned.

Following Musk's takeover, nearly half of the workforce has been terminated worldwide, and many senior executives quit the company.

Earlier, Twitter's chief information security officer, chief privacy officer and chief compliance officer exited the company.

The new top executive reportedly also warned the employees to stop work-from-home culture, and advocated an 80-hour a week work regime and no free lunches at the cafeteria.

Musk also said that the company would intend to make Twitter a $8 subscription product with Twitter Blue.

Soon after taking over, Twitter fired top executives such as Parag Agrawal, Ned Segal, chief financial officer, Vijaya Gadde, top legal and policy executive, and Sean Edgett, general counsel.

Some of the advertisers, according to the reports, are shying away from the microblogging firm due to concerns around content moderation.

"Twitter's governance risk is highly negative reflecting Moody's expectation for aggressive financial policies and concentrated ownership by Elon Musk," Moody's Investors Service said. Last month, the SpaceX founder completed the Twitter deal.

Twitter, which employed nearly 8,000 people, had cut jobs in line with Musk's plans to move quickly in his plans.