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New York (CNN Business) - Elon Musk is officially set to buy Twitter, and the company's employees have questions.
At an all-hands meeting Monday afternoon with CEO Parag Agrawal and Board Chair Bret Taylor, Twitter employees raised questions about everything from what the deal would mean for their compensation to whether former US President Donald Trump would be let back on the platform, according to audio of the call obtained by CNN.
The call comes after Twitter's board announced on Monday that it had reached a deal to sell the company to Musk for $54.20 per share. The deal caps off a stunning news cycle in which the Tesla and SpaceX CEO became one of Twitter's largest shareholders, was offered and turned down a seat on its board and bid to buy the company — all in less than a month — and puts the world's richest man in charge of one of the most influential social networks. It also raises big questions about how Musk's proposed changes for the platform, including loosening content restrictions, will take shape.
Agrawal, who has been in charge of Twitter for only four months, told employees not to expect big changes before the deal closes, which is set to happen before the end of this year. He also said that "there are no plans for any layoffs at this point" and that Twitter's remote work policies will continue until the deal closes.
https://www.cnn.com/2022/04/25/tech/twitter-employees-elon-musk-takeover/index.html
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Having gone through a couple of buyouts myself, I can imagine the uncertainty the people at Twitter are feeling. I hope Musk continues to make statements regarding his plans and can set up a meeting with the employees so they can hear them from him directly.
At an all-hands meeting Monday afternoon with CEO Parag Agrawal and Board Chair Bret Taylor, Twitter employees raised questions about everything from what the deal would mean for their compensation to whether former US President Donald Trump would be let back on the platform, according to audio of the call obtained by CNN.
The call comes after Twitter's board announced on Monday that it had reached a deal to sell the company to Musk for $54.20 per share. The deal caps off a stunning news cycle in which the Tesla and SpaceX CEO became one of Twitter's largest shareholders, was offered and turned down a seat on its board and bid to buy the company — all in less than a month — and puts the world's richest man in charge of one of the most influential social networks. It also raises big questions about how Musk's proposed changes for the platform, including loosening content restrictions, will take shape.
Agrawal, who has been in charge of Twitter for only four months, told employees not to expect big changes before the deal closes, which is set to happen before the end of this year. He also said that "there are no plans for any layoffs at this point" and that Twitter's remote work policies will continue until the deal closes.
https://www.cnn.com/2022/04/25/tech/twitter-employees-elon-musk-takeover/index.html
—————
Having gone through a couple of buyouts myself, I can imagine the uncertainty the people at Twitter are feeling. I hope Musk continues to make statements regarding his plans and can set up a meeting with the employees so they can hear them from him directly.