Twitter staff are told their jobs are only safe for six months

Twitter staff are told in emergency meeting that their jobs are only safe for six months until Musk completes his $44bn takeover as they demand to know if they will be forced to return to office

  • Some Twitter staff have reacted with horror to Elon Musk’s takeover of the company, according to internal chats shared online

  • The company has frozen planned changes to the service until Friday, amid what Bloomberg speculated was concern that a rogue employee could ‘push something or mess with the product on the way out the door’ 

  • In message rooms staff vented about their trepidation over working for the mercurial South African

  • Others in a staff meeting held at 5pm ET worried whether they would still be able to work from home, and asked about their share options 

  • CEO Parag Agrawal told staff that their jobs were safe for the moment, saying there would be no layoffs until Musk took over in six months, and reassuring them about their stock options and benefits

  • He would not be drawn on whether Donald Trump would be allowed back to the platform: Trump said on Monday he has no wish to, and Agrawal said it was a decision for the Musk 

  • Agrawal said he was ‘proud of our teams and inspired by the work that has never been more important’

  • Chair Bret Taylor said the board ‘conducted thoughtful and comprehensive process to assess Elon’s proposal’ 

  • The founder of Tesla and SpaceX, 50, agreed to pay shareholders $54.20 in cash for each share

  • The move shifts control of the social media platform populated by millions of users to the world’s richest man

  • The Tesla magnate vowed to protect free speech online, ‘defeat the spam bots’ and ‘authenticate all humans’

  • He said he would ‘enhance the product with new features’ and ‘make algorithms open source to increase trust’

Twitter staff have been told that their jobs are safe for at least six months, until Elon Musk takes over under the terms of a $44 billion deal to take control of the company, agreed on Monday.

CEO Parag Agrawal and Bret Taylor, the chair of the board, addressed staff at 5pm ET on Monday – dodging questions about whether Donald Trump would be allowed to rejoin, and saying instead that it was a question for Musk.

‘It’s important to acknowledge that all of you have many different feelings about what is happening,’ Agrawal said, according to two people who attended the meeting and spoke to The New York Times

Some of you are concerned, some are you are excited, and some of you are waiting to see how this goes. I know this affects all of you personally.

‘It is an emotional day, and I just want to acknowledge it.’

Concerns about immediate job losses were allayed, with employees told that business will operate as usual until a deal closes in next six months, Bloomberg’s Kurt Wagner reported. 

Staff were told there would be no layoffs ‘at this time’ – but no guarantees were provided when Musk takes over.

But in a sign of the possible internal unrest, new product launches were delayed amid fears, Bloomberg speculated, that employees could ‘go rogue’ and ‘push something or mess with the product on the way out the door.’ 

Ahead of the meeting, staff were asked to submit questions, and many were asking about a possible forced return to the office for the all-remote workforce. Others fretted about their shares, journalist Yashar Ali reported. 

In internal message rooms there was uproar, The New York Times reported.

Continue:

Leave a Reply

Your email address will not be published.


Notice: ob_end_flush(): failed to send buffer of zlib output compression (0) in /home/marchant/public_html/derekhuntershow/wp-includes/functions.php on line 5275