Twitter CEO Parag Agrawal acknowledged there have been some issues he want the corporate had performed otherwise whereas in talks with Musk.
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Twitter CEO Parag Agrawal regarded “drained” as he and different embattled executives fended off questions from upset staffers about Elon Musk’s takeover of the agency, leaked particulars from a companywide assembly revealed.
Staff pressed Agrawal and different prime govt on the social media big on Friday to supply solutions to lingering questions on Musk’s $44 billion buyout – together with the chance that Twitter will conduct layoffs as soon as the deal closes.
An worker in attendance reportedly described Agrawal — who will reportedly get a $42 million payout upon completion of the deal — as showing “drained and at occasions aggravated” through the assembly – whilst he tried to assuage staff’ fears, in line with Enterprise Insider, which obtained leaked audio from the all-hands assembly.
Agrawal additionally expressed a level of regret through the name, in line with the information website – telling workers that he wished “we had performed higher with a number of issues” throughout talks with Musk.
“There are issues I disagree with essentially,” Agrawal stated, with out offering specifics.
Chief authorized counsel Vijaya Gadde — seen because the social community’s prime advocate for censoring conservatives — was additionally current through the impromptu companywide assembly and offered extra particulars concerning the $1 billion breakup charge that each Musk and Twitter have agreed to pay if the deal falls aside.
Gadde — Twitter’s who herself is slated to get a $12.5 million payout below phrases of Musk’s buyout — stated Musk’s cope with Twitter to purchase the agency has “very sturdy necessities to carry out.”
Agrawal acknowledged that Twitter would doubtless make vital adjustments below Musk’s management – and didn’t low cost the potential of job cuts.
“Completely different organizations have completely different cultures, however they’ve excelled,” Agrawal stated. “It is going to be completely different right here than what it's at this time, however for the people who find themselves right here, will probably be value it to be right here.”
Musk has angered some Twitter workers in latest days by means of his brash public commentary about adjustments he feels are crucial for the corporate to thrive, together with a renewed concentrate on defending free speech.
The impromptu assembly did little to ease considerations amongst Twitter staffers cautious of Musk’s management, one employee instructed Reuters.
“The PR converse just isn't touchdown. They instructed us don’t leak and do a job you might be pleased with, however there isn't a clear incentive for workers to do that,” the worker stated.
Twitter didn't instantly reply to a request for remark.
Whereas pitching banks on his plans for Twitter, Musk reportedly outlined plans to chop prices on the firm, together with layoffs and slashing govt pay.
Staff expressed considerations a few mass exodus of staff in response to Musk’s takeover, prompting Twitter executives to say firm will monitor staffing ranges carefully through the transition.
One boss added that Musk wouldn’t be directing job cuts till after he takes over the agency.
With Publish wires
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