Elon Musk’s attempt for Twitter provokes staff anxiety and anger

News of Elon Musk’s hostile acquisition attempt spread across Twitter on Thursday, with employees expressing concern that their workplaces could be affected under the leadership of firebrand technology mogul, as well as frustration over the company’s uncertain future.

In recent weeks, Musk has ridiculed Twitter on social media, slashing key corporate results in his poll of about 80 million followers – and disrupting the company’s “Focus Week”. With the news that he took charge on Thursday.

That afternoon, Twitter CEO Barack Agarwal held a corporate-level meeting to reassure his 7,500 full-time employees. Anonymous speaker to discuss important matters.

Musk’s self – made reputation is evident in the trolling he engages in on Twitter, a responsibility among social media company employees. Twitter is known for its liberal staff and flexible work environment. Kasturi, on the other hand, appeared to make fun of gender pronouns and triggered the corona virus. MisinformationAnd his company, Tesla, has been the target of numerous lawsuits alleging racism and sexual harassment.

Several employees tweeted their dissatisfaction with Kasturi on Thursday.

Employee dissatisfaction may be the reason for the decision to confront the Twitter team because it weighs Musk’s offer, which puts the company at $ 43 billion and takes it privately. As Muskin evaluates the financial details of the auction and the company faces significant business and political challenges, team members may consider Musk’s potential leadership.

Billionaire Elon Musk, CEO of Tesla and founder of SpaceX, offered to buy Twitter on April 13 for $ 54.20 a share. (Video: Reuters, Photo: Reuters)

What happens when Kasturi buys Twitter?

Agarwal of Twitter, who took over as CEO only in December, ended up in an embarrassing position at an all-committee meeting on Thursday in response to staff criticism of Musk. He answered a variety of questions from Twitter employees about the prospect of acquiring Musk, including how the Colossians were treated at his company, Tesla, and the millionaire’s firm support for free speech on social media. Others asked what would happen to the restricted stock units of Twitter employees if staff representation on the board and the company were taken privately, people said.

Some left disappointed with Agarwal’s promise, which sounds like empty words.

“People are frustrated because employees seem to be a backdoor,” one said.

Twitter staff faced a hurricane month because Musk first took a large stake in the company, then agreed to join the group, and then left before he could join. On Thursday Musk offered the opportunity to take the company privately, causing a stir among employees who were already worried about his leadership style.

Elon Musk says in a TED interview that there is a backup plan to buy Twitter

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“It would be a dream come true for many employees who worked under Dorsey and the Twitter regime to take Musk to Twitter,” said Daniel Eves, managing director and senior stock research analyst at financial services firm Wetbush Securities, citing former CEO Jack Dorsey. “If Musk captures Twitter, I expect a flood of resumes to come in. I think a big shake up is going to happen there one way or another.

Twitter declined to comment. Musk did not respond to a request for comment.

Earlier during a TED speech in Vancouver on Thursday, Musk said the freedom of speech side was wrong. “I think we should be very reluctant to remove things and be very careful with permanent sanctions,” he said, adding that he wanted a deadline.

Last week, Musk revealed that he had bought more than 9 per cent stake in Twitter, and the next day, Agarwal announced that Musk would be joining the group. On Sunday evening, Agarwal issued an announcement that Musk had rejected the seat.

Even before he took over, some Twitter employees Fought According to insiders who visited The Washington Post last week, in support of Muskin’s involvement in the company, they said his values ​​contradict the company. Musk, who considers himself the champion of freedom of speech, has been mentioned by several employees in internal news Appeared To express disgust at the use of gender pronouns.

“We know he has harmed workers, the trance community, women and others with less power in the world,” an employee asked. “How are we going to reconcile this conclusion with our values? Does innovation chase humanity?”

When Musk was about to join the group, Agarwal said he would run a town hall with Musk so staff could ask him questions.

The acquisition auction came in the middle of the company’s “Focus Week” on Thursday, when it added to the shock of Twitter employees and reduced the unnecessary crowds for employees to focus on their projects, following Monday’s everyone getting a “rest day”. Off.

Musk launched a hostile acquisition attempt against Twitter

On Thursday, another worker said in a tweet that Musk’s behavior was bullying. “‘Titter’ is currently trending because he decided – like intimidating a playground – to make jokes at the expense of Twitter,” the employee wrote. “Also, we all know that humor is not really important. Shame is.”

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Tesla’s factory in the Bay Area has been plagued by allegations of misconduct, labor rights abuses, racism and sexual harassment. According to Tesla, the factory, which has more than 20,000 workers, is the company’s busiest manufacturing facility, where it manufactures its Model 3, Y, S and X vehicles.

The California workplace regulatory agency, Tesla, filed a lawsuit in February alleging widespread racial discrimination after receiving hundreds of complaints from workers at its Fremont, California plant. In a separate case, Tesla ordered a former elevator operator to pay millions in charges of hostile work ethic and racial harassment. And many women have filed sexual harassment complaints against Tesla.

Tesla has refused to cultivate a culture of racism and harassment, and has sought to transfer some cases to arbitration so that matters are handled out of court.

Tesla, California, is being prosecuted for racism and harassment

The Fremont plant became the subject of controversy in early 2020, reopening the Musk factory in defiance of county-level shelter orders that would prevent workers from being employed. Musk promised workers could stay home if they felt uncomfortable. The Post later reported that some workers had received layoff notices in violation of that policy.

Tesla employees, who spoke to The Post anonymously for fear of revenge, said they were afraid to publish their comments because a colleague had been fired this year after posting videos of the company’s “full self-driving” software on YouTube. . Those clips were later analyzed by The Post.

“These [workers] In fact, it’s very scary, “said one Tesla factory worker, who feared he would be angered by Musk.” He rules with a dictatorial fist. “

Beyond being CEO at both Tesla and SpaceX, Musk is a boring co. And founded the tunneling company Neuralink, which seeks to fit computer chips into people’s brains.

If the acquisition is successful, Musk will acquire a company that has been betting on increasing its user base and revenue after years of sluggish financial activity. Twitter is a small affiliate of social media rivals such as Facebook and TikTok – both of which have amassed more than a billion users – and is facing concerns about declining user growth and monetization. Twitter has 217 million users daily compared to.

Analysis: How Elon Musk played Twitter

Twitter is moving slowly in releasing new products and features. After aspiring investor Elliott Management Took The company’s stock in 2020, Twitter has set several ambitious targets for user and revenue growth by the end of 2023.

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The company has recently undergone a major leadership change. In December, Agarwal, who had spent four years as chief technology officer, took over as chief executive after Dorsey. Dorsey also served as CEO of both Twitter and online payments company Square, which drew criticism from investors that his time was too divided.

In a surprise tweet, Twitter CEO Jack Dorsey announced his resignation

“If he takes it, can you expect a situation where he makes changes on the board?” Asked Mark Schmulik, managing director of the Alliance Bernstein Research Institute. “It certainly looks like that but [it’s] That’s hard to say. “

Twitter has been investing in new products such as Twitter spaces with its audio chatroom feature, which was meant to compete with the Upstart Clubhouse. Musk has already mentioned that he thinks changes can be made to the company’s new subscription, Twitter Blue. Service It offers special features to paid customers including the freedom to cancel tweets.

Comment: Elon Musk gets what’s wrong on Twitter. What does the media do?

Conflicts with employees can occur if Musk takes responsibility and effectively says: “Stop what you are currently doing. I want you to focus on this, ”Shmulik said.

The potential for Musk to change the way the company conducts political content that violates its rules regarding hate speech, harassment and intimidation will provoke outrage among more employees.

In the past, Twitter has been willing to go further than its social media counterparts to punish political leaders for violating its rules. Twitter took unprecedented action over former President Donald Trump’s role in inciting the rioters who attacked US capital last year, sparking backlash from conservatives that the company is blocking their views.

At a TED conference on Thursday, Musk said freedom of speech means allowing others to express opinions you disagree with.

“It’s annoying when someone you do not like says something you do not like,” he said. “It’s a sign of a healthy, functioning, independent speech environment.”

In a letter to Twitter CEO Brett Taylor, Tech’s CEO, he believes the company has the potential to “be the platform for free speech around the world” – a key to a well – functioning democracy.

He thinks the company will not be able to thrive or serve this social imperative in its current form .Twitter should be privatized.

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