On Friday, during a company-wide meeting where employees demanded answers to how managers planned to handle an anticipated mass exodus prompted by Elon Musk, Twitter Chief Executive Officer Parag Agarwal sought to quell employee anger. The meeting was chaired by Musk. He repeatedly criticized Twitter’s content moderation practices and a top executive responsible for setting speech and safety policies.
It was said by the executives that the company would observe employee sapping daily, but it was too early to tell how the buyout deal with Elon Musk would show an impact on staff retention. These statements were delivered at the international town hall meeting. Musk has propelled lenders on caustic board and executive salaries but exact discounts are obscure,
sources say that Musk would not make commitments on job cuts until he expects Twitter ownership. One of the Twitter employees asked the CEO during the meeting, “I’m tired of hearing about shareholder value and curator duty. What are your honest thoughts about the very high likelihood that many employees will not have jobs after the deal closes?”
Immediately, Parag Agarwal replied that Twitter has always looked after its employees and would progress to do the same. He said he trusts the future Twitter organization will progress to take care of its influence on the world and its customers. Compared to the levels before the news of Musk’s interest in purchasing Twitter, the employee attrition rate hasn’t altered.
The CEO is expecting to get $42 million if he was concluded within a year of a change in control at the social media entity, as per the research firm Equilar. Agarwal requested staff to assume a change in the future under new leadership and recognized that the company could have delivered better executions over the years.