During a company-wide meeting on Friday, Twitter Chief Executive Parag Agrawal attempted to calm employees rage by providing answers to how managers planned to handle a mass exodus prompted by Elon Musk.
The meeting comes after Elon Musk, the Tesla CEO who sealed a $44 billion deal to buy Twitter, publicly chastised Twitter’s content moderation practises and a top executive in charge of setting speech and safety policies.
Executives said the company would monitor staff attrition daily, but it was too early to tell how the buyout deal with Musk would affect staff retention, according to the internal town hall meeting, which was heard by Reuters.
According to sources familiar with the matter, Musk has pitched lenders on slashing board and executive salaries, but the exact cost cuts are unknown. According to one source, Musk will not make any job cuts until he takes control of Twitter.
“I’m sick of hearing terms like shareholder value and fiduciary responsibility. What are your genuine feelings about the high likelihood that many employees will lose their jobs once the deal is completed?” In a question read aloud during the meeting, one Twitter employee asked Agrawal.
Twitter has always cared about its employees, according to Agrawal, and will continue to do so.
