The repercussions of the deal he made are still Elon Musk The purchase of Twitter sequentially, raising many questions and concerns among the employees of the giant platform.
Information revealed that a meeting took place in the company, where Twitter CEO Paraj Agrawal sought to calm the anger of employees during a public meeting on Friday, as they demanded answers regarding how managers plan to deal with the expected mass exit due to Musk, according to Archyde.com reported today, Saturday.
The meeting came following Musk, the Tesla CEO who struck a $44 billion deal to buy Twitter, repeatedly criticized Twitter’s content moderation practices and a senior executive responsible for setting speech and safety policies.
staff retention
As for the scenes of this internal meeting, it indicated that executives made it clear that the company would monitor the rate of employee attrition daily, but it was too early to know how the acquisition deal with Musk would affect employee retention.
Informed sources reported that the “American billionaire” told the banks that will finance the deal that he will reduce the salaries of board members and executives, but the cost reductions are still not precisely clear.
One of the sources said that Musk would not make decisions regarding job cuts until he became the actual owner of Twitter.
One employee also asked Agrawal a question that was read aloud during the meeting: “I am tired of hearing talk regarding shareholder value and fiduciary duty. What are your thoughts on the very high probability that many employees will lose their jobs following the deal is done?”
She always takes care of her employees
Agrawal replied that Twitter has always taken care of its employees and will continue to do so. “I believe that Twitter’s future organization will continue to care regarding its impact on the world and its customers,” he said.
In addition, executives made clear during the meeting that the rate of attrition had not changed compared to levels that preceded the news of Musk’s interest in buying the company.
Destabilizing Twitter’s business
Employees told executives they fear Musk’s “eccentric behavior” might destabilize and hurt Twitter’s business, as the company prepares to address the world of at a presentation next week in New York City.
“Do we have a near-term strategy on how to deal with divestment advertisers?” asked one employee.
While Sarah Personnet, Twitter’s chief customer officer, confirmed that the company is working to communicate frequently with advertisers and reassure them “that the way we serve our customers will not change.”
No confidence
After the meeting, a Twitter employee told Archyde.com there was little confidence in what the executives were saying. He added, “Public relations talk does not help. They told us that it is forbidden to leak and do something you are proud of, but there is no clear incentive for employees to do so,” noting that the rewards for non-executive employees have now been capped because of this deal.
During the meeting, Agrawal urged employees to anticipate change in the future under the new leadership and acknowledged that the company might have done better over the years.
It is reported that in recent days, Musk posted on Twitter criticism of the chief Twitter lawyer Vijaya Jade A Twitter veteran who is widely respected in Silicon Valley. Musk’s attack sparked a barrage of online harassment targeting her.