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Reducing salaries and layoffs a whirlwind on Twitter due to a mask

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The fallout from Elon Musk’s agreement to purchase the company social Twitter networking are still in course.

Twitter CEO Paraj Agrawal tried to calm employee anger on Friday during a company-wide meeting. in which employees asked for answers on how i manager they intend to face the expected mass exit due to Musk, according to Reuters.

The meeting came after Musk, Tesla’s CEO who signed a $ 44 billion deal to buy Twitter, repeatedly criticized Twitter’s content moderation practices and a senior executive responsible for policymaking. of speech and safety.

staff loyalty

During the internal meeting, executives announced that the company would be monitoring the daily staff churn rate, but it was too early to tell. in how the acquisition with Musk would affect employee retention.

Informed sources said Musk told banks they will finance the deal that will cut salaries for board members and executives, but the cost reductions are still not entirely clear. One of the sources said Musk won’t make any decisions about job cuts until he becomes the owner of Twitter.

An employee also asked Agrawal a question that was read aloud at the meeting: “I’m tired of hearing about shareholder value and fiduciary duty. What do you think of the very high probability that many employees will lose their jobs once is the agreement concluded? “

He always takes care of his employees

Agrawal replied that Twitter has always cared for its employees and will continue to do so. “I believe the future Twitter organization will continue to worry about its impact on the world and its customers,” she said.

During the meeting, executives made it clear that the churn rate remained unchanged from the levels that preceded the news of Musk’s interest in buying the company.

Destabilize Twitter activity

Employees told executives that they fear Musk’s “eccentric behavior” could destabilize Twitter’s business and hurt it financially as the company prepares to take on the world of advertising. in a presentation next week in New York City.

“Do we have a short-term strategy on how to deal with divestment advertisers?” an employee asked.

While Sarah Personnet, Twitter’s chief customer officer, confirmed that the company is working to communicate frequently with advertisers and reassure them “that the way in we serve our customers will not change. “

No confidence

After the meeting, a Twitter employee told Reuters there was little trust in what the executives were saying. He added, “Public relations speeches don’t help. We were told it’s forbidden to leak and do something you’re proud of, but there’s no clear incentive for employees to do so,” noting that employee rewards don’t executives have now been closed due to this agreement.

During the meeting, Agrawal urged employees to anticipate future changes under the new leadership and acknowledged that the company could have done better over the years.

In recent days, Musk has been posting on Twitter criticism of Twitter’s leading attorney, Vijaya Jade, a widely respected Twitter veteran in Silicon Valley. Musk’s attack sparked a flurry of harassment online targeting her.

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