Even Twitter CEO Parag Agrawal doesn’t know what Elon Musk’s acquisition of the corporate means for the service or its workers. That’s the largest takeaway from accounts of the corporate’s first all-hands assembly following information of the $44 billion deal.
Will Musk unban Donald Trump? Will there be layoffs? What about workers’ inventory grants? For now, all these questions appear to be up within the air. Agrawal reportedly workers there have been no layoffs deliberate “at this time,” however acknowledged that he was additionally unsure in regards to the future. “Once the deal closes, we don’t know what direction this company will go in,” he mentioned The New York Times.
Meanwhile, Twitter chairman Bret Taylor confirmed that the board will dissolve as soon as the acquisition is finalized. The entire course of might take one other six months, Bloomberg . The deal has left many Twitter workers unsettled, and the corporate has reportedly “locked down changes to its platform through Friday,” in an effort to protect towards workers.
In asserting the deal, Musk a lot of adjustments he wished to make, together with ridding Twitter of spam bots and “authenticating all humans.” One one who hasn’t publicly weighed in but is Twitter co-founder Jack Dorsey, who has beforehand endorsed Musk’s involvement with the corporate. In its assertion, Twitter’s board of administrators confirmed that its determination to simply accept Musk’s provide was unanimous, which means Dorsey had additionally authorized the deal.
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