The repercussions of the deal concluded by Elon Musk to buy Twitter continues, as it raised many concerns and questions among employees.
Twitter CEO Parag Agrawal sought to calm employee anger during a company-wide meeting, where employees demanded answers about how managers plan to deal with the expected policies of billionaire Elon Musk.
The meeting came after Musk repeatedly criticized Twitter’s content moderation practices and a senior executive responsible for setting speech and safety policies.
As for the scenes of this internal meeting, parts of which were published by Archyde.com, it turns out that executives have made it clear that the company will monitor the rate of employee attrition daily, but it is too early to know how the acquisition deal with Musk will affect employee retention.
Archyde.com quoted informed sources as saying that Musk told the banks that will finance the deal that he will cut the salaries of board members and executives, but the cost cuts are still not precisely clear, and one of the sources said that Musk will not make decisions about job cuts before he becomes the actual owner of Twitter.
For their part, executives said during the meeting that the rate of staff attrition was unchanged from levels that preceded the news of Musk’s interest in buying the company.
In recent days, Musk has posted on Twitter criticism of Twitter’s top lawyer Vijaya Jade, who is widely respected in Silicon Valley, and Musk’s attack sparked a barrage of online harassment targeting her.
Employees told executives they feared Musk’s eccentric behavior could destabilize and hurt Twitter’s business as the company prepares to address the world at a presentation next week in New York City.
After the meeting, a Twitter employee told Archyde.com that there is no trust in what the executives say, and added: “PR talk doesn’t work. They told us don’t leak and do something you’re proud of, but there is no clear incentive for employees to do it,” noting that bonuses Non-executive employees are now capped because of this deal.