Twitter CEO faces employee anger over Musk attacks at company-wide meeting
Twitter Chief Govt Parag Agrawal sought to quell worker anger on Friday throughout a company-wide assembly the place workers demanded solutions to how managers deliberate to deal with an anticipated mass exodus prompted by Elon Musk.
The assembly comes after Musk, the Tesla chief govt who sealed a $44 billion deal to purchase the social media firm, repeatedly criticized Twitter’s content material moderation practices and a prime govt accountable for setting speech and security insurance policies.
On the inside city corridor assembly, which was heard by Reuters, executives stated the corporate would monitor workers attrition each day, but it surely was too quickly to inform how the buyout cope with Musk would have an effect on workers retention.
Musk has pitched lenders on slashing board and govt salaries however actual price cuts stay unclear, in accordance with sources acquainted with the matter. One supply stated Musk wouldn’t make choices on job cuts till he assumes possession of Twitter.
“I am uninterested in listening to about shareholder worth and fiduciary responsibility. What are your trustworthy ideas concerning the very excessive chance that many workers is not going to have jobs after the deal closes?” one Twitter worker requested Agrawal, in a query learn aloud through the assembly.
Agrawal answered that Twitter has all the time cared about its workers and would proceed to take action.
“I imagine the longer term Twitter group will proceed to care about its impression on the world and its clients,” he stated.
Executives stated through the assembly that the worker attrition charge has not modified in comparison with the degrees earlier than the information of Musk’s curiosity in shopping for the corporate.
In latest days, Musk has tweeted criticism of Twitter’s prime lawyer, Vijaya Gadde, who’s a Twitter veteran and widely-respected throughout Silicon Valley. Musk’s assault triggered a barrage of on-line harassment concentrating on her.
Workers additionally advised executives they feared Musk’s erratic conduct might destabilize Twitter’s enterprise, and damage it financially as the corporate prepares to deal with the promoting world in a presentation subsequent week in New York Metropolis.
“Do we have now a technique within the near-term on deal with advertisers pulling funding,” one worker requested.
Sarah Personette, Twitter’s chief buyer officer, stated the corporate was working to speak ceaselessly with advertisers and reassure them “the best way that we service our clients just isn’t altering.”
After the assembly, a Twitter worker advised Reuters there was little belief in what executives needed to say.
“The PR converse just isn’t touchdown. They advised us do not leak and do a job you’re happy with, however there isn’t any clear incentive for workers to do that,” the worker advised Reuters, noting that compensation for non-executive staffers is now capped due to the deal.
Agrawal is estimated to obtain $42 million if he have been terminated inside 12 months of a change in management on the social media firm, in accordance with analysis agency Equilar.
In the course of the assembly, Agrawal urged workers to anticipate change sooner or later beneath new management, and acknowledged that the corporate might have carried out higher through the years.
“Sure, we might have executed issues in a different way and higher. I might have executed issues in a different way. I take into consideration that rather a lot,” he stated.
Twitter declined additional remark.
(Reporting by Sheila Dang in Dallas and Katie Paul in Palo Alto, California; Enhancing by Chizu Nomiyama, Kenneth Li and Daniel Wallis)