Twitter CEO Says No Layoffs Deliberate ‘at This Time’ After Musk Buyout

  • Twitter CEO Parag Agrawal advised employees at an all-hands assembly no layoffs are deliberate “at this time.”
  • He added he would stay as CEO till the deal closes, which is ready to occur later this 12 months.

Twitter CEO Parag Agrawal advised employees that there are not any layoffs deliberate “at this time,” though he admitted that the corporate is in a “period of uncertainty” following Elon Musk’s buyout, in accordance with studies.

He made the feedback throughout an all-hands assembly on Monday, The Verge stated, citing an individual who requested to stay nameless.

Agrawal famous that he would stay as CEO till the deal closes, which is ready to occur earlier than the tip of the 12 months. However, he didn’t touch upon what would occur after that, the outlet stated.

Twitter’s distant work insurance policies would additionally stay in place till then, per CNN

“Between now and closing … we will continue making decisions as we’ve always had, guided by the principles we’ve had,” Agrawal stated, in accordance with the outlet. 

Until the deal closes, nonetheless, Twitter employees could have to attend for extra particulars. 

“We don’t have all the answers,” Agrawal stated, in accordance with The Verge. “This is a period of uncertainty.”

The all-hands assembly was held after Twitter accepted Elon Musk’s takeover supply on Monday. News of the acquisition has rattled employees, with some staff involved the billionaire would dilute content material moderation efforts. Others have stated they’re already seeking to go away

“All of you have different feelings and views about this news. Many of you are concerned. Some of you are excited. Many people here are waiting to understand how this goes, and have an open mind,” Agrawal stated on the assembly, per CNN.

“If we work with each other, we will not have to worry about losing the core of what makes Twitter powerful, which is all of us working together in the interest of our customers every day.”

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