On October 28, according to the US “Washington Post” citing sources, on the evening of the 27th local time, Tesla CEO Musk completed the acquisition of Twitter for $44 billion, and he has gained control of the company. This means that one of the world’s most influential social platforms has been controlled by the world’s richest man, and it also marks the end of Musk’s self-directed and self-directed “Acquisition of Twitter soap opera”.
For this result, many people who eat melon expressed “not surprised”, because Musk, who likes to reveal “inside information” on Twitter in advance, had already signaled it the day before.
On October 26, Musk himself appeared at the Twitter headquarters, holding a sink in his hand and smiling all over his face. He tweeted, “Come to Twitter headquarters, you taste, you fine! (Entering Twitter HQ – let that sink in!)” At the same time, Musk changed his public profile to “Chief Twit” (Chief Twit) .
Today, the Twitter employees who have changed hands and the outside world are most concerned about whether Musk will start the rumored layoff plan, laying off 75% of Twitter’s employees.
Judging from the statement given by Musk in his first meeting with Twitter employees after he entered the Twitter building on the 27th, he does not plan to lay off 75% of the staff in a short period of time.
According to foreign media reports, after coming to the Twitter building on October 27, Musk gave Twitter employees a reassurance, saying that he did not plan to lay off 75% of the staff.
However, many people questioned Musk’s remarks of “not planning to lay off employees”. Some netizens said that he was talking about plans, not words such as “resolutely impossible”, saying that “not planning to lay off employees” is only a short period of time. Reassure people, what should be judged later will still be judged. After all, at this stage, layoffs are already commonplace for American Internet technology companies. For example, Meta shareholders have proposed to Zuckerberg to lay off employees and cut expenses to survive the capital winter.
In addition, some netizens bluntly said, “Musk turns his face faster than a book, do you dare to believe his words?”
As for whether Musk will continue to fulfill his agreement with Twitter employees to “no layoffs”, or choose to “reverse the water” to start the layoff plan. The answer is naturally left to this “Twitter leader” to make a decision. As melon eaters, we just need to wait and see.
However, judging from the current Twitter executive changes and changes in grassroots personnel, as Musk took power at Twitter, several Twitter executives were laid off, and some grassroots employees took the initiative or were forced to change jobs to other technology companies. Maybe true.
In terms of Twitter executive changes, according to multiple foreign media reports, Musk is now “in charge” of Twitter, and has fired Twitter CEO Parag Agrawal and CFO Ned Segal. Two former executives have left the company’s San Francisco headquarters, and it’s unclear who will replace the positions. In addition, foreign media also reported that Vijaya Gadde, the head of Twitter’s legal policy, trust and security department, was also laid off.
However, Musk’s dismissal of the three executives will cost more than $200 million. It is reported that Twitter CEO Parag Agrawal, CFO Ned Segal and head of legal policy Vijaya Gadde received a “golden parachute” clause in the merger between Twitter and Musk’s X Holdings. Musk reportedly fired the three after he formally took over the social network in a $44 billion acquisition late Thursday, and will be obligated to pay more than $200 million of that, according to Twitter’s filing with the Securities and Exchange Commission. to these three.
In terms of grassroots personnel changes, it is reported that since Musk announced his intention to acquire the company in January, more than 1,100 employees have left Twitter, and nearly a third of them have gone to Google or Meta. Separately, Twitter’s engineers were no longer able to make changes to the code, and Tesla’s engineers came in to check, people familiar with the matter said.
Looking ahead, how Musk builds Twitter into “the most respected advertising platform” will become more concerned by Twitter investors.