Twitter CEO faces personnel anger about Musk attacks at company-huge meeting

Elon Musk’s Twitter profile is viewed on a smartphone put on printed Twitter logos in this image illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration

April 29 (Reuters) – Twitter (TWTR.N) Chief Executive Parag Agrawal sought to quell worker anger on Friday in the course of a enterprise-broad assembly where by workforce demanded answers to how administrators prepared to cope with an predicted mass exodus prompted by Elon Musk.

The meeting comes following Musk, the Tesla (TSLA.O) chief govt who sealed a $44 billion offer to buy the social media enterprise, consistently criticized Twitter’s content moderation procedures and a prime executive dependable for location speech and security procedures.

At the inner town corridor conference, which was heard by Reuters, executives mentioned the business would check team attrition every day, but it was way too before long to notify how the buyout offer with Musk would impact staff members retention.

Musk has pitched loan providers on slashing board and government salaries but correct price cuts continue to be unclear, according to sources familiar with the matter. Just one supply stated Musk would not make choices on work cuts until eventually he assumes ownership of Twitter. read through extra

“I’m weary of hearing about shareholder benefit and fiduciary obligation. What are your sincere thoughts about the extremely large likelihood that lots of staff members will not have jobs just after the offer closes?” just one Twitter personnel questioned Agrawal, in a question go through aloud during the assembly.

Agrawal answered that Twitter has generally cared about its staff members and would continue to do so.

“I feel the foreseeable future Twitter business will continue to treatment about its effect on the entire world and its consumers,” he claimed.

Executives mentioned through the meeting that the worker attrition price has not modified in comparison to the degrees right before the information of Musk’s fascination in obtaining the business.

In modern times, Musk has tweeted criticism of Twitter’s leading lawyer, Vijaya Gadde, who is a Twitter veteran and extensively-highly regarded across Silicon Valley. Musk’s attack induced a barrage of on line harassment focusing on her. examine much more

Staff also explained to executives they feared Musk’s erratic conduct could destabilize Twitter’s business, and hurt it fiscally as the business prepares to handle the promotion world in a presentation future week in New York City.

“Do we have a strategy in the in close proximity to-term on how to deal with advertisers pulling expense,” one worker requested.

Sarah Personette, Twitter’s main customer officer, mentioned the corporation was doing work to communicate regularly with advertisers and reassure them “the way that we provider our clients is not switching.”

Right after the conference, a Twitter employee explained to Reuters there was minor belief in what executives experienced to say.

“The PR communicate is not landing. They instructed us really don’t leak and do a work you are proud of, but there is no very clear incentive for workforce to do this,” the worker explained to Reuters, noting that compensation for non-executive staffers is now capped for the reason that of the deal.

Agrawal is believed to acquire $42 million if he were terminated within just 12 months of a adjust in manage at the social media corporation, according to research firm Equilar.

Throughout the conference, Agrawal urged workers to expect modify in the future underneath new leadership, and acknowledged that the company could have performed improved in excess of the years. examine far more

“Of course, we could have performed points in different ways and improved. I could have performed items in different ways. I think about that a great deal,” he reported.

Twitter declined additional remark.

Reporting by Sheila Dang in Dallas and Katie Paul in Palo Alto, California Editing by Chizu Nomiyama, Kenneth Li and Daniel Wallis

Our Standards: The Thomson Reuters Trust Concepts.