Twitter employees are afraid of mass layoffs.
Dallas, Palo Alto Twitter CEO Parag Agrawal had to appease his employees during a company-wide meeting on Friday (local time). At an internal meeting, which could be followed by Reuters, the employees expected answers on how to deal with possible mass layoffs if Elon Musk takes over the company.
“What do you honestly think about the very high probability that many employees will run out of work after the transaction is completed?”, asked a Twitter employee. Twitter has always taken care of its employees and will continue to do so, according to the CEO.
As the company’s executives also announced, it is still too early to say how the takeover agreement with Musk will affect employee retention. The meeting took place after Tesla’s chief executive struck a $44 billion deal to buy the social media company.
Musk had proposed to the lenders to cut the salaries of the board and executives. According to an insider, however, the entrepreneur will not make any decisions about job cuts until he has become the owner of Twitter.