Parag Agrawal, Twitter’s CEO, attempted to calm staff rage during a company-wide meeting on Friday, as employees demanded answers on how managers intended to handle a mass departure sparked by Elon Musk.
The discussion comes after Elon Musk, the Tesla CEO who signed a $44 billion agreement to purchase Twitter, slammed Twitter’s content moderation processes and a key official in charge of establishing speech and safety policy.
Executives indicated during the internal town hall meeting that the business will track employee attrition on a daily basis, but that it was too early to determine how the Musk buyout arrangement would influence employee retention.
According to people familiar with the subject, Musk has lobbied financiers on lowering board and executive compensation, although the specific cost cutbacks are unknown. According to one insider, Musk would not make job-cut decisions until he had control of Twitter.
“I’m fed up with hearing about shareholder value and fiduciary responsibility. What are your genuine feelings concerning the significant chance that many staff will lose their jobs once the sale is completed?” In a question read aloud at the meeting, one Twitter employee questioned Agrawal. Twitter has always cared for its employees, according to Agrawal, and will continue to do so in the future. He stated, “I hope the future Twitter organisation will continue to care about its influence on the world and its consumers.” During the discussion, executives stated that the staff turnover rate had not altered since the news of Musk’s interest in buying the firm broke.
In recent days, Musk has posted his displeasure with Twitter’s senior lawyer, Vijaya Gadde, a Silicon Valley veteran generally regarded as the company’s “moral authority.” Gadde was alleged to have sobbed at a virtual conference with the company’s legal and policy teams on Monday, expressing her concerns over the company’s future.
“Suspending the Twitter account of a major news organisation for publishing a truthful story was obviously incredibly inappropriate,” Musk tweeted in response to YouTuber Saajar Enjeti’s tweet about the company’s “top censorship advocate,” who once censored the New York Post for a story on Hunter Biden’s laptop contents.
