Twitter Chief Executive Parag Agrawal sought to quell worker anger on Friday throughout a company-wide assembly the place workers demanded solutions to how managers deliberate to deal with an anticipated mass exodus prompted by Elon Musk.
The assembly comes after Musk, the Tesla chief govt who sealed a $44 billion deal to purchase the social media firm, has repeatedly criticized Twitter’s content material moderation practices and a high govt liable for setting speech and security insurance policies.
At the interior city corridor assembly, which was heard by Reuters, executives mentioned the corporate would monitor employees attrition each day, nevertheless it was too quickly to inform how the buyout take care of Musk would have an effect on employees retention.
Musk has pitched lenders on slashing board and govt salaries however actual value cuts stay unclear, in keeping with sources aware of the matter. One supply mentioned Musk wouldn’t make choices on job cuts till he assumes possession of Twitter.
“I’m tired of hearing about shareholder value and fiduciary duty. What are your honest thoughts about the very high likelihood that many employees will not have jobs after the deal closes?” one Twitter worker requested Agrawal, in a query learn aloud through the assembly.
Agrawal answered that Twitter has all the time cared about its workers and would proceed to take action.
“I believe the future Twitter organization will continue to care about its impact on the world and its customers,” he mentioned.
Executives mentioned through the assembly that the worker attrition fee has not modified in comparison with the degrees earlier than the information of Musk’s curiosity in shopping for the corporate.
In current days, Musk has tweeted criticism of Twitter’s high lawyer, Vijaya Gadde, who’s a Twitter veteran and widely-respected throughout Silicon Valley. Musk’s assault triggered a barrage of on-line harassment concentrating on her.
Employees additionally instructed executives they feared Musk’s erratic conduct may destabilize Twitter’s enterprise, and damage it financially as the corporate prepares to deal with the promoting world in a presentation subsequent week in New York City.
“Do we have a strategy in the near-term on how to handle advertisers pulling investment,” one worker requested.
Sarah Personette, Twitter’s chief buyer officer, mentioned the corporate was working to speak incessantly with advertisers and reassure them “the way that we service our customers is not changing.”
After the assembly, a Twitter worker instructed Reuters there was little belief in what executives needed to say.
“The PR speak is not landing. They told us don’t leak and do a job you are proud of, but there is no clear incentive for employees to do this,” the worker instructed Reuters, noting that compensation for non-executive staffers is now capped due to the deal.
Agrawal is estimated to obtain $42 million if he had been terminated inside 12 months of a change in management on the social media firm, in keeping with analysis agency Equilar.
During the assembly, Agrawal urged employees to anticipate change sooner or later below new management, and acknowledged that the corporate may have carried out higher through the years.
“Yes, we could have done things differently and better. I could have done things differently. I think about that a lot,” he mentioned.
Twitter declined additional remark.
(Except for the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)