Twitter CEO after Elon Musk bombshell: ‘No one working just to keep lights on’

Hours after Elon Musk put the $44 billion Twitter takeover deal on maintain on Friday, Parag Agrawal – the CEO of the social media large – put out a uncommon sequence of posts amid uncertainty and buzz over the churning throughout the organisation. “So much has occurred over the previous a number of weeks. I’ve been centered on the corporate and have not mentioned a lot publicly throughout this time, however I’ll now,” the 37-year-old chief started saying.

Whereas there have been studies of sackings and restructuring, clearing the air, Agrawal harassed he was “accountable” for main, even when he was known as a “lame-duck” CEO for making adjustments amid the confusion led to by the takeover information final month.

“We introduced adjustments to our management workforce and operations yesterday. Modifications impacting persons are at all times arduous. And a few have been asking why a “lame-duck” CEO would make these adjustments if we’re getting acquired anyway.”

“The quick reply could be very easy: Whereas I count on the deal to shut, we should be ready for all eventualities and at all times do what’s proper for Twitter. I’m accountable for main and working Twitter, and our job is to construct a stronger Twitter every single day.” Agrawal wrote.

Attempting to convey the sentiment of the second, Agrawal underlined: “Nobody at Twitter is working simply to maintain the lights on.”

“We take delight in our work. Whatever the firm’s future possession, we’re right here enhancing Twitter as a product and enterprise for patrons, companions, shareholders, and all of you. Folks have additionally requested: why handle prices now vs after shut? Our business is in a really difficult macro surroundings – proper now. I gained’t use the deal as an excuse to keep away from making necessary choices for the well being of the corporate, nor will any chief at Twitter.”

On Friday, Musk, the world’s richest particular person, dropped a bombshell as he introduced that the most important tech offers of current instances could be on maintain. “Twitter deal briefly on maintain pending particulars supporting calculation that spam/faux accounts do certainly signify lower than 5% of customers (sic)”.

“Nonetheless dedicated to acquisition,” the 50-year-old Tesla boss mentioned.

Musk has been fairly vocal concerning the adjustments he intends to carry after the takeover whilst there have been issues concerning the probability of content material moderation going away utterly.

On the within, the overwhelming instances have additionally seen some sackings. Two senior executives – Kayvon Beykpour, a common supervisor who leads analysis, design and engineering at Twitter and head of merchandise Bruce Falck – are on their approach out, information company AFP reported.

The report additionally mentioned that Twitter has frozen hiring apart from enterprise important roles.

“The reality is that this is not how and once I imagined leaving Twitter, and this wasn’t my resolution,” Beykpour, who’s on paternity go away, mentioned in a tweet.

(With inputs from AFP)

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