Twitter Ceo Addresses Employee Anger Over Musk S Attacks At Company Wide Meeting

Twitter CEO Parag Agrawal tried to quell employee anger Friday during a company-wide meeting, where employees sought answers about how executives planned to handle an expected mass exit caused by Elon Musk. The meeting comes after Musk, Tesla’s chief executive officer who signed a $ 44 billion deal to buy social media, repeatedly criticized Twitter’s content control practices and a senior executive responsible for setting speech and security policies. GET FOX BUSINESS IN ENGINE BY CLICKING HERE At the City Hall internal meeting, which was heard by Reuters, executives said the company would monitor the staff cuts daily, but it was too early to say how the takeover deal with Musk would affect staff retention. Twitter CEO Parag Agrawal (Photo by ROBYN BECK / AFP via Getty Images | twitter / Getty Images) Musk has asked lenders to cut the salaries of boards and executives, but the exact cost cuts remain unclear, according to sources familiar with the matter. A source said Musk would not make job cuts until he took ownership of Twitter. “I’m tired of hearing about shareholder value and fiduciary duty. What are your honest thoughts about the very high probability that many employees will not have a job after the deal is closed?” A Twitter employee asked Agrawal, a question that was read aloud during the meeting. TEXAS LEGISLER SAYS STATE “WILL REDUCE THE RED CARPET” IF ELON MASK TRAVELS ON TWITTER TO MONACY STATE Agrawal replied that Twitter has always cared about its employees and will continue to do so. “I believe that the future Twitter organization will continue to be interested in its impact on the world and its customers,” he said. Elon Musk has donated $ 44 billion to Twitter. (Getty Images / Getty Images) Executives said during the meeting that the layoff rate had not changed compared to levels before the news of Musk’s interest in buying the company. In recent days, Musk has criticized Twitter’s top lawyer, Vijaya Gadde, who is a Twitter veteran and is widely respected throughout Silicon Valley. Musk’s attack sparked a barrage of cyberbullying targeting her. FACEBOOK Whistleblower FRANCES HAUGEN “CAREFULLY OPTIMISTIC” ABOUT THE ACQUISITION OF ELON MUSK TWITTER Employees also told executives they feared Musk’s erratic behavior could destabilize the Twitter business and hurt it financially as the company prepares to address the advertising world at a presentation next week in New York. A sign is displayed outside Twitter headquarters in San Francisco. (AP Photo / Jed Jacobsohn / AP Newsroom) “We have a short-term strategy on how to handle investment-seeking advertisers,” one employee asked. Sarah Personette, Twitter’s customer manager, said the company works to communicate frequently with advertisers and reassure them that “the way we serve our customers does not change”. After the meeting, a Twitter employee told Reuters he had little confidence in what executives had to say. TWITTER GOAL FORECAST FORECAST, INDICATES ELON MUSK’S ACQUISITION STATUS “Public speaking is not landing. We were told not to leak and do a job you are proud of, but there is no clear incentive for employees to do so,” he told Reuters, noting that compensation for non-executive executives is now restricted due to the agreement. According to research firm Equilar, Agrawal is estimated to receive $ 42 million if he was fired within 12 months of the change in control of the social networking company. Ticker Security Last change% TWTR TWITTER INC. 49.01 -0.14 -0.28% TSLA TESLA INC. 870.76 -6.75 -0.77% During the meeting, Agrawal urged staff to expect a change in the future under the new leadership and acknowledged that the company could perform better over the years. “Yes, we could have done things differently and better. I could have done it differently. I think about it a lot,” he said. CLICK HERE TO READ MORE ABOUT FOX BUSINESS Twitter declined to comment further. (Report by Sheila Dang in Dallas and Katie Paul in Palo Alto, California; Edited by Chizu Nomiyama, Kenneth Li and Daniel Wallis)

title: “Twitter Ceo Addresses Employee Anger Over Musk S Attacks At Company Wide Meeting Klmat” ShowToc: true date: “2022-12-01” author: “William Schmitt”

Twitter CEO Parag Agrawal tried to quell employee anger Friday during a company-wide meeting, where employees sought answers about how executives planned to handle an expected mass exit caused by Elon Musk. The meeting comes after Musk, Tesla’s chief executive officer who signed a $ 44 billion deal to buy social media, repeatedly criticized Twitter’s content control practices and a senior executive responsible for setting speech and security policies. GET FOX BUSINESS IN ENGINE BY CLICKING HERE At the City Hall internal meeting, which was heard by Reuters, executives said the company would monitor the staff cuts daily, but it was too early to say how the takeover deal with Musk would affect staff retention. Twitter CEO Parag Agrawal (Photo by ROBYN BECK / AFP via Getty Images | twitter / Getty Images) Musk has asked lenders to cut the salaries of boards and executives, but the exact cost cuts remain unclear, according to sources familiar with the matter. A source said Musk would not make job cuts until he took ownership of Twitter. “I’m tired of hearing about shareholder value and fiduciary duty. What are your honest thoughts about the very high probability that many employees will not have a job after the deal is closed?” A Twitter employee asked Agrawal, a question that was read aloud during the meeting. TEXAS LEGISLER SAYS STATE “WILL REDUCE THE RED CARPET” IF ELON MASK TRAVELS ON TWITTER TO MONACY STATE Agrawal replied that Twitter has always cared about its employees and will continue to do so. “I believe that the future Twitter organization will continue to be interested in its impact on the world and its customers,” he said. Elon Musk has donated $ 44 billion to Twitter. (Getty Images / Getty Images) Executives said during the meeting that the layoff rate had not changed compared to levels before the news of Musk’s interest in buying the company. In recent days, Musk has criticized Twitter’s top lawyer, Vijaya Gadde, who is a Twitter veteran and is widely respected throughout Silicon Valley. Musk’s attack sparked a barrage of cyberbullying targeting her. FACEBOOK Whistleblower FRANCES HAUGEN “CAREFULLY OPTIMISTIC” ABOUT THE ACQUISITION OF ELON MUSK TWITTER Employees also told executives they feared Musk’s erratic behavior could destabilize the Twitter business and hurt it financially as the company prepares to address the advertising world at a presentation next week in New York. A sign is displayed outside Twitter headquarters in San Francisco. (AP Photo / Jed Jacobsohn / AP Newsroom) “We have a short-term strategy on how to handle investment-seeking advertisers,” one employee asked. Sarah Personette, Twitter’s customer manager, said the company works to communicate frequently with advertisers and reassure them that “the way we serve our customers does not change”. After the meeting, a Twitter employee told Reuters he had little confidence in what executives had to say. TWITTER GOAL FORECAST FORECAST, INDICATES ELON MUSK’S ACQUISITION STATUS “Public speaking is not landing. We were told not to leak and do a job you are proud of, but there is no clear incentive for employees to do so,” he told Reuters, noting that compensation for non-executive executives is now restricted due to the agreement. According to research firm Equilar, Agrawal is estimated to receive $ 42 million if he was fired within 12 months of the change in control of the social networking company. Ticker Security Last change% TWTR TWITTER INC. 49.01 -0.14 -0.28% TSLA TESLA INC. 870.76 -6.75 -0.77% During the meeting, Agrawal urged staff to expect a change in the future under the new leadership and acknowledged that the company could perform better over the years. “Yes, we could have done things differently and better. I could have done it differently. I think about it a lot,” he said. CLICK HERE TO READ MORE ABOUT FOX BUSINESS Twitter declined to comment further. (Report by Sheila Dang in Dallas and Katie Paul in Palo Alto, California; Edited by Chizu Nomiyama, Kenneth Li and Daniel Wallis)