The Twitter CEO faces employee anger over Musk attacks at a company-wide meeting

Twitter CEO Barak Agarwal They tried to quell employee anger during a company-wide meeting on Friday. Elon Musk.

The meeting comes after Tesla CEO Musk repeatedly criticized the company for concluding a $ 44 billion deal to buy social media. Content of Twitter High authority responsible for setting moderate procedures and speech and security policies.

Get Fox Business by clicking here

At an Inner Town Hall meeting asked by Reuters, executives said the company would monitor the number of employees on a daily basis, but it was too early to say how the purchase agreement with Musk would affect the retention of employees.

Twitter CEO Barack Agarwal (Photo taken by ROBYN BECK / AFP via Getty Images | twitter / Getty Images)

Musk has raised lenders on board and board salaries, but according to sources familiar with the matter, the exact cost cuts are not clear. One source said Musk would not make decisions about job cuts until he accepted Twitter’s rights.

“I’m tired of hearing about the value and trust obligation of shareholders. What are your honest thoughts on the possibility that many employees will lose their jobs after the contract is terminated?” A Twitter employee asked Agarwal, a question that was read aloud during the meeting.

Texas lawmaker says state will ‘roll out the red carpet’ if Elon Musk moves Twitter to Lone Star state

Agarwal responded by saying that Twitter has always cared about its employees and will continue to do so.

See also  Russia's Vladimir Putin speaks at China's Belt and Road Forum

“I hope the future Twitter system will continue to care about its impact on the world and its customers,” he said.

Elon Musk

Elon Musk donated $ 44 billion to Twitter. (Getty Images / Getty Images)

During the meeting, executives said that the employee enrollment rate had not changed compared to previous levels of news that Musk was interested in buying the company.

In recent days, Musk has tweeted critical of Vijaya Gade, Twitter’s top lawyer, who is a Twitter senior and widely respected across Silicon Valley. Muskin’s attack targeted her and sparked online harassment.

Facebook whistleblower Franz Hazen ‘cautiously optimistic’ about Elon Musk’s Twitter acquisition

Employees told executives that Muskin’s erratic behavior would disrupt Twitter’s business, and that it would be financially vulnerable as the company prepares to address the world of advertising at a presentation in New York next week.

A sign has been posted outside Twitter headquarters in San Francisco. (AP Photo / Jet Jacobson / AP Newsroom)

An employee asked if we had a strategy on how to deal with advertisers pulling investment.

Sarah Personnet, Twitter’s chief customer officer, said the company works to keep in touch with advertisers and reassure them that “the way we serve our customers has not changed.”

After the meeting, a Twitter employee told Reuters he did not believe what executives were saying.

Twitter Scraps Earnings Forecast Quotes Elon Muskin Acquisition Status

“PR talk did not go down. They told us not to leak and do the work you are proud of, but the staff did not have a clear incentive to do this,” the employee told Reuters, noting that compensation for non-executive staff is now closed due to the contract.

See also  Rory McIlroy had a big day at the British Open. Victor Hovland follows.

Agarwal is expected to receive $ 42 million if he is fired within 12 months of taking control of the social media company, according to Equilar Research.

Ticker Security Last Change Change%
TWTR TWITTER INC. 49.01 -0.14 -0.28%
DSLA Tesla INC. 870.76 -6.75 -0.77%

During the meeting, Agarwal urged employees to look forward to change in the future under the new leadership, and acknowledged that the company could have performed better over the years.

“Yes, we could have done things differently and better. I could have done things differently. I think a lot about that,” he said.

Click here to read more about Fox Business

Twitter declined to comment further.

(Sheila Tang in Dallas and Katie Paul in Palo Alto, California; Editing Baby Nomiyama, Kenneth Lee and Daniel Wallis)

Leave a Reply

Your email address will not be published. Required fields are marked *