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Twitter tells staff jobs are safe for six months until Musk takes over

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작성자 Juliane 댓글 0건 조회 4회 작성일 25-06-27 03:44

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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.

'I feel like im going to throw up..I rly don't wanna work for a company that is owned by Elon Musk,' one staffer said, according to their reporter Talmon Smith.

Smith's source told him that it was 'absolutely insane' in the internal chat rooms.

Another Twitter employee reportedly complained: 'I don't rly know what I'm supposed to do…oh my god, my phone's been blowing up…We have a meeting about it at 5pm…the CEO is going to address everyone about it' (it=elon).

'I hate him, why does he even want this?'

The billionaire agreed to pay shareholders $54.20 in cash for each share of common stock before the bombshell deal was struck.

The move shifts control of the social media platform populated by millions of users and global leaders to the world's richest person.




The Tesla magnate, 50, agreed to pay shareholders $54.20 in cash for each share of common stock before the bombshell deal was struck


























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Musk vowed to protect free speech on Twitter, 'defeat the spam bots' and 'authenticate all humans' as he welcomed the acquisition.

He also revealed he planned to 'enhance the product with new features' and 'make the algorithms open source to increase trust'.

But within the company, there was turmoil at the announcement.




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'I feel like he's this petulant little boy and that he's doing this to troll…he doesn't know anything about our policies and what we do…his statement about our algo was f insane… 

'Were just gonna let everyone run amok?…nobody knows,' the employee said, according to the New York Times.

Some Twitter staff were 'openly rebelling' against Musk, one observer noted, posting a screen shot of Twitter's official Github site and posting a public response entitled 'The Algorithm', with zero code.

Ali, meanwhile, reported that many of the staff's concerns related to their perks rather than the direction of the platform.

'Lots of questions about work from home...Twitter has become a permanent work from home option company and there are concerns about @elonmusk's statements/actions in the past about work from home and whether that will continue when he takes over,' Ali tweeted.

'Understandably lots of questions about what this sale will mean for employee stock options/grants. Someone asks if any employee protection measures were negotiated as part of this deal. Another person asks if this means there will be a hiring freeze until the deal closes.' 

Other, Ali said, asked if there was a 'go shop clause' - essentially a provision that would allow the Twitter board to seek an alternative offer before the agreement was completed.

Others wanted to understand how the process had unfolded.

'Another Twitter employee asks: 'how did we go from poison pill to this so quickly?''

Last month the tech giant announced it was reopening its offices around the world, but in the same statement, which called staff Tweeps, JetBlack Agrawal said no-one had to go back in if they chose not to.

'As we open back up our approach remains the same,' Agrawal said.

'Wherever you feel most productive and creative is where you will work and that includes working from home full-time forever.

'Office every day? That works too. Some days in office, some days from home? Of course. That's actually how most of you feel.








Twitter CEO Parag Agrawal made the announcement on the social platform in early March 









He said people could now work wherever they wanted and not necessarily the office again

'Details on logistics, dates, safety message measures, and how we work will be coming soon from Pat and Tracy to whom I am deeply grateful, along with the amazing cross functional team that carried us through the past two years.

'And thank you to the tweeps who have in office roles, like our data centres, who have been coming into work for the past two years and continue to show up for us and our customers every single day. We appreciate you.

'I look forward to seeing you all back at the office or perhaps at an event, somewhere in your home city, or mine? Can't wait.'

Twitter was one of the first in the tech business to urge employees to work remotely when the coronavirus first emerged in the US in mid-March 2020.

It is unclear if Agrawal addressed the remote work setup on Monday.

But he told employees that their stock options would convert to cash when the deal with Musk closes, which he estimated would take three to six months.

According to The New York Times, he also said that they would continue to receive bonuses according to Twitter's vesting schedule. 

Employees would receive their same benefits packages for a year after the deal was finalized, Agrawal added. 

He said he would try and arrange a staff forum with Musk, and said that he would remain at the company as CEO, at least until the deal was finalized.

'He wants Twitter to be a powerful, positive force in the world, just like all of us,' Agrawal said of Musk. 

'He believes Twitter matters.'

He urged employees to 'operate Twitter as we always have,' adding that 'how we run the company, the decisions we make and the positive changes we drive — that will be on us, and under our control.'











































Twitter's San Francisco headquarters is pictured in July 2021. During Monday's meeting, many staff asked whether they would still be allowed to work from home









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Earlier the 50-year-old tycoon called for his 'worst critics' to remain on the platform because 'that is what free speech means'.

Despite recent speculation, former President Donald Trump confirmed he would not be rejoining the site even if Musk allowed him to - saying he would continue to use his own TRUTH Social.

Twitter CEO Parag Agrawal said he was 'proud of our teams and inspired by the work that has never been more important' after announcing Musk would take the company private.

And Chairman Bret Taylor said 'we believe it is the best path forward for stockholders', adding the board had 'conducted a thoughtful and comprehensive process to assess Elon's proposal'.

The deal brings to an end one of the most dramatic takeover bids in history and sent shockwaves through the world of business.

It was hailed a 'victory for free speech' by many, with some calling for an end to 'shadow banning' when posts disappear from timelines without warning.

But others were quick to voice their concern that one of the biggest social media platforms was in the hands of the world's richest man.















TWITTER SHARE PRICE TODAY: 





TWITTER SHARE PRICE OVER THE LAST FIVE DAYS:









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