The future is uncertain, Twitter employees take their anger out on the CEO

The meeting took place in the context of Tesla CEO, who is finalizing the procedural steps to take power at Twitter, repeatedly criticizing the content censorship of “Blue Bird” and targeting an executive in charge of political affairs. safety book and company speech.

At this internal meeting, Twitter executives said they would monitor the daily staff decline, but it was too early to conclude how Musk’s acquisition deal would affect retention. foot staff.

In order to call for enough acquisition financing, Musk assured lenders of a drastic reduction in the salaries of the Board of Directors and CEO, but the exact number is still unclear. A Reuters source said the 50-year-old billionaire will not make decisions about staffing until he actually takes ownership of Twitter.

“I’m tired of hearing about shareholder value or fiduciary duty. Tell me honestly how do you think there is a high chance that many employees will lose their jobs after this deal is closed?” an exasperated employee asked Agrawal at the meeting.

The Indian-born CEO sought to appease employees’ anger, by replying that the company cares about its employees and will continue to do so in the future.

“I believe Twitter in the future remains concerned about the impact on the world and its customers.”

The management of “Blue Bird” said that the employee turnover rate has not changed compared to the time before the news that Musk wants to buy the company.

Concerned about the new boss’s mood swings

In recent days, Musk has tweeted critical of Twitter’s top lawyer, Vijaya Gadde, a corporate veteran who is widely respected in Silicon Valley. Musk’s post has led to a flurry of online harassment directed at the lawyer.

Employees are also worried that Musk’s erratic behavior could destabilize Twitter’s business, thereby causing financial harm to “Blue Bird” as the company prepares for a presentation. presented at next week’s global advertising event in New York.

“Do we have a strategy in the near future to limit advertisers withdrawing investments,” one employee asked.

Sarah Personette, Twitter’s chief customer officer, says the company is working closely and regularly with customers to convince them that “the way we deliver our services hasn’t changed.”

However, after the meeting ended, an employee told Reuters they did not trust what the directors had just said.

“They told us not to divulge information and to do work that you are proud of, but in reality there is nothing to encourage employees to do so,” said the employee, who asked not to be named. Note that compensation for non-executive positions has been limited.

According to research firm Equilar, CEO Agrawal is expected to receive $ 42 million in compensation if fired in the next 12 months.

At the meeting, the CEO urged the staff to prepare for future changes and believe that the company will get better and better.

Vinh Ngo (According to Reuters)