Elon Musk will meet this Thursday for the first time with Twitter employees

Elon Musk will meet this Thursday for the first time with Twitter employees

The meeting, which will be virtual, is scheduled for this Thursday. The workers are worried about the changes that it could introduce in the company if it finally buys it
The meeting, which will be virtual, is scheduled for this Thursday. The workers are worried about the changes that it could introduce in the company if it finally buys it

Elon Musk, the founder of Tesla, will hold a meeting with Twitter employees on Thursday. This is the first meeting that he has had with this group since he launched his purchase offer for the social network for 44,000 million dollars (about 42,000 million euros) last April. The event was announced by Twitter CEO Parag Agrawal in an email sent to the company’s staff. The manager advanced employees who could submit questions to Musk before the meeting.

The meeting, which will be virtual, is scheduled for this Thursday and the billionaire businessman is expected to answer questions from the employees of the social platform, concerned with the changes that the tycoon may introduce in the company’s work culture if finally the acquisition materialized. Many employees are unhappy with Musk, who has openly criticized some of the company’s actions, products and policies.

In addition, and as published by Bloomberg last April, Musk told the banks, which have agreed  to lend him billions of dollars, that he would focus on Twitter’s profitability and raised the idea of ​​cutting the company’s costs and staff, although he did not go into detail about which departments or positions could be affected . Twitter ‘s  workforce currently stands at around 7,500 workers.

The employees of the social network are also on alert after Musk said that it seemed good to him that his Tesla workers could telecommute if they first worked 40 hours a week in the office. Twitter was the first company to allow its employees to permanently work from home. And they fear a potential change in the company’s headquarters, something he did at Tesla, which moved it to Texas.

The meeting, which will be moderated by the company’s director of Human Resources and Marketing, Leslie Berland, will take place as doubts grow about whether to buy it, after Musk has threatened to withdraw from the agreement, accusing the Twitter address. to “thwart” your requests for more information about the social network’s fake bots and accounts.

In a letter filed with the SEC, the SpaceX founder also said he had the right to make his own measurement of those accounts. Musk questions whether Twitter’s user base is as large as the company claims.

Many analysts have agreed that Musk could be using this issue to try to renegotiate the purchase price or even walk away from the deal altogether. The executives of the social network have assured for their part that they will share all the information requested by the founder of Tesla and have reported that he plans to enforce the agreement. Shares of Twitter closed at $37.03 on Monday, well below Musk’s offer price of $54.20.

The meeting also comes days after Agrawal announced a remodeling of Twitter’s leadership ( those responsible for the consumption and income divisions leave the company)  and suspended hiring and will review job offers, although he indicated that they are not considered layoffs. Concerns about the actions that Musk may take if he finally buys the social network also reach the company’s board, which has not escaped criticism from the tycoon, although some have millionaire shields by contract.

Melissa Galbraith
Melissa Galbraith is the World News reporter for Globe Live Media. She covers all the major events happening around the World. From Europe to Americas, from Asia to Antarctica, Melissa covers it all. Never miss another Major World Event by bookmarking her author page right here.