Posted on 04/25/2022 8:51:08 PM PDT by NoLibZone
It’s all pretty straightforward, according to the new management. In a statement announcing his $44 billion deal to purchase Twitter, pending owner Elon Musk wrote in a statement that the company’s core policies would remain the same: “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated.”
But in direct messages and town hall comments on Monday, the people who make Twitter tick were more concerned with debating the future of their employment — concerned that the world’s richest man would not have their best interests in mind. “I feel like im going to throw up,” one staffer told the New York Times in a direct message. “I rly don’t wanna work for a company that is owned by Elon Musk.” One employee tweeted that they were “in need of a stiff drink,” while another reportedly complained of Musk supporters inside the company: “Elon fan boys are braindead mouth breathers and we have a bunch of them at Twitter for the record. Can’t wait [until] he lays half of us off.”
At an all-hands meeting, staffers asked if employee protections were negotiated as part of the deal, as CEO Parag Agrawal and chairman Bret Taylor explained that that the site will run as usual until the deal closes in six months, adding that there are no layoffs “at this time.” Agrawal said that Musk “wants Twitter to be a powerful, positive force in the world, just like all of us” — a conclusion he came to after after speaking with Musk just a few times.
Many of Twitter’s 7,000 employees were naturally concerned about what happens to their stock options when the company is owned by a man who wants to take their company private and has tanked his other company’s shares on several past occasions by tweeting stupid stuff. At the all-hands, the New York Times reports that Agrawal told employees that stock options would convert to cash when the deal is finalized in three to six months; employees would keep getting bonuses according to the company’s vesting schedule and would receive the same benefits for a year after the deal is finalized.
At a company where some staffers make close to half of their total compensation off stock options, employees reportedly worried that they would not have access to the long-run appreciation of the stock; some were also concerned that the value of their initial shares could plummet if Musk succeeds in taking Twitter private. Other questions remained: Would the company move from San Francisco to join Musk in Austin? Will they actually have to go back to the office? What will happen to the platform’s moderation policies when the buyer who hates its moderation policies takes over? And what is going to happen to the Trump ban?
At the company meeting, Agrawal did not provide much clarity on the big-picture stuff. “Once the deal closes, we don’t know what direction this company will go in,” he said. But at least one employee found some humor in his precarious situation:
My evil dream would be for the new Twitter to automatically block every liberal tweet and label it as “misinformation” for about the first month, just to teach them a lesson. Then transition to a truly free speech platform after that.
>>Hey, if they don’t like it, quit and go learn to code....LOL
A lot of them are probably h1b and have their visas tied to the sponser, so they can’t quit without having to leave the country. :)
Elon Musk can attract the most talented engineers in the world to build an aerospace company, an electric car manufacturing company, a tunnel boring company, and Paypal. I am sure he can hire people to run twitter.
(PS... I had a job offer to work for SpaceX but didn’t want to move back to Texas. And I do not agree with his using tax subsidies. BUT... Oh well)
I get so frustrated, my boss is a trillionaire.
Id love to be a Twitter employee now!
😝😝😝😝🎤 Well bye bitchez....
It’s a free country. I think some Freepers may be disappointed. Twitter may not change at all.
Every Twitter employee who objects to Elon’s takeover should quit.
And buy train tickets.
To Loserville.
Great! Start packing.
True. It’s a craps shoot. Time will tell.
Then quit.
I am happy to consider an offer from Twitter, that I would have never considered before..
bookmark
“the risk here is that Twitter users go somewhere else.”
And?
L
and
twitter turns into myspace
and
Elon is out 44 bil
Firmly held beliefs and principles have a way of becoming diminished when there is money involved for most people. This is especially true when they don’t understand principles or have any.
LMAO. No, no. ROTFLMAO. Is that how it is said? I don’t twit, tweet or message much.
I next want to see one of these kiddies do some sabotage and then see what happens. That will really be entertaining.
In an open uncensored twitterverse there isn’t any need for reprogramming is there?
Hmmmmmmm?
Once it is built the system sort of runs itself doesn’t it?
Hmmmmmmm?
They will not quit, they want to get unemployment benefits. Elon made sure the source code was locked down so employees could not sabotage it. The way they are acting shows you just how much they are against truth. This is a great day for America. Remember, every time a liberal cries an angel gets their wings.
Maybe they could get a job somewhere, Getter? Truth Social? Parler? Gab?
GO FOR It, Dogbert. And good luck.
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