Twitter takes into account the massive departure of employees

Twitter takes into account a massive departure of employees, although the management tries to stop it. This is apparent from information from a meeting with all employees that took place just before the weekend. That was about the planned takeover by Elon Musk.

Recently, the number of employees who left was not higher than normal, according to information from the meeting that Platformer published. The management does take into account that it happens, especially because it is clear that a lot will change with the planned takeover by Musk.

Twitter could be taken over, because according to director Parag Agrawal it has underperformed in recent years. Moreover, it is a company that is now listed on the stock exchange, which means that the board has to take the interests of shareholders into account. Musk’s offer is good for shareholders in the long term, which is why the board has agreed, the CEO says.

A week ago it became clear that Musk wants to take over Twitter for about 41 billion euros. Musk would, among other things, want to lay off staff and pay the board less. In addition, Musk has already made it clear that he wants to adjust the moderation policy so that the platform deletes fewer tweets and only deletes tweets if they are illegal. That’s in line with his philosophy about how freedom of expression on the internet should work. The acquisition is likely to be completed within three to six months.