Twitter CEO tells employees no layoffs planned ‘at this time’ following Elon Musk buyout
by Alex Heath from The Verge - All Posts on (#5YHVX)
Photo Illustration by Alex Castro / The Verge Twitter CEO Parag Agrawal didn't have many concrete answers for staff about what will happen once Elon Musk takes over the company later this year. During a virtual all-hands call Monday, hours after the company announced it had agreed to be bought by Musk for $44 billion, Agrawal fielded questions on the future of his job, the company's board, and possible layoffs.
Layoffs aren't planned at this time," Agrawal said, according to a person who heard the remarks and who asked to remain anonymous. Agrawal also said that he'd remain as CEO until the deal's close, but he didn't comment about what would happen after that. The company's board will dissolve once the deal closes, said Brett Taylor, the board's independent chair.
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