Hours after Elon Musk mentioned his Twitter buyout is briefly , Twitter’s CEO has mentioned he nonetheless expects the deal to shut, however “we have to be ready for all situations.” In a sequence of tweets, Parag Agrawal didn’t straight deal with Musk’s earlier feedback however he weighed in on yesterday’s management shakeup, which resulted in of two senior Twitter executives.
The transfer had raised eyebrows not simply because the 2 have been well-liked longtime leaders at the corporate, however as a result of many don’t anticipate Agrawal to maintain the CEO job after the acquisition is finalized. (Musk has mentioned he has no confidence in Twitter’s present management and studies recommend to take over the CEO function no less than briefly.)
“Adjustments impacting persons are at all times exhausting,” Agrawal mentioned. “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 anticipate the deal to shut, we have to be ready for all situations and at all times do what’s proper for Twitter.”
Notably, Agrawal’s feedback would appear to acknowledge the chance that Musk’s buyout could not really undergo. The Tesla CEO, who has mentioned ridding Twitter of bots is one in all his high targets, earlier within the day that the deal was “briefly on maintain pending particulars supporting calculation that spam/faux accounts do certainly signify lower than 5% of customers.” He later added that he was “nonetheless dedicated to the acquisition.”
In the meantime, Twitter can also be attempting to navigate widespread uncertainty amongst workers, a lot of whom are uneasy about Musk’s for the corporate. Along with chopping its high income and product executives Thursday, the corporate can also be pausing all recent hiring and rescinding some job affords, in an effort to chop prices.
Agrawal mentioned Friday that he would proceed “making exhausting choices as wanted.” “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,” he tweeted.
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