Twitter Inc. Chief Executive Officer of Parag Agrawal and Chairman Bet Taylor told employees on Monday that social networks would continue to operate as usual – including agrawal on the helmet – until an agreement to add companies to $ 44 billion this year.
The agreement was signed on Monday morning, Agrawal told the workers, adding that Musk transactions to bring private companies could take six months to complete, according to two people with knowledge about the details of the meeting. The CEO told the staff there would be no work cut “at this time,” and when asked about the potential for recruiting frozen, Agrawal said the company was still working through the recruitment plan before the agreement was officially closed.
Agrawal held a meeting of all hands on Monday afternoon through video to explain the decision of the Twitter council to sell the company to the CEO of billionaire Tesla Inc. Musk, the richest person in the world, who plans to buy Twitter for $ 54.20 per share, especially absent from calls. Agrawal joined Taylor, who is also a Salesforce Inc. co-ceo, but no other board members were present, including former CEO and Twitter co-founder Jack Dorsey.
Twitter employees have been living in uncertainty for weeks since Musk announced his offer to obtain social networking services. Musk is a diligent Twitter user, often criticizing the company from his Twitter account, and many people stop the initial effort to buy a company as a kind of joke. But Musk finally secured financing to complete the agreement, encouraging the council to seriously consider its offer.
Twists and turns leaving many employees confused and frustrated over the past few weeks. Many employees internally contrary to the musk agreement, worried that the commotion of the musk, the style of jombing will hurt the company’s culture and alienate some employees. One employee who spoke with Bloomberg estimated that only 10% of Twitter workers would be excited about Musk who acquired the company.
In the email to the previous day, Agrawal noted that the agreement was “significant changes and you tend to process what this means for you and the future of Twitter.” He reiterated at the meeting that the company entered a period of uncertainty.
Musk has been vocal about his intention to create a Twitter heaven for freedom of expression, and has surprised the decision of moderation of content made by the platform in the past. It has led to speculation that Musk’s Twitter might allow more offensive or dangerous content to breed on the site.
On Monday, Agrawal acknowledged that it would be the choice of Musk, said the company made a decision for health public conversations every day, according to one person in a call. After the agreement was closed, he told the worker, he did not know which direction the platform would do.
Agrawal convinces employees that their stock grant, which can make most compensation, will continue to vest in the meantime. Taylor also spoke at the beginning of the call, explaining the task of the council’s fiduciary. He said that the Twitter council would no longer exist after the agreement was completed.
