Skip to main content

Twitter CEO tells employees no layoffs planned ‘at this time’ following Elon Musk buyout

Twitter CEO tells employees no layoffs planned ‘at this time’ following Elon Musk buyout

/

‘Once the deal closes we don’t know which direction the platform will go’

Share this story

A photo illustration of Twitter CEO Parag Agrawal
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 Bret Taylor, the board’s independent chair.

“We don’t have all the answers.”

“There is indeed uncertainty about what will happen after the deal closes,” Agrawal told staff.

Since Musk’s intention to buy Twitter became public earlier this month, some Twitter employees have expressed discomfort or outright resistance to Musk’s takeover of the company. And Musk has made clear he wants to see changes on the platform, insisting his attempts to purchase it aren’t financial. Calling Twitter a “de facto town square,” Musk said last week he believes Twitter should “open source the algorithm.”

Musk has repeatedly focused on the utility of Twitter as a space for free speech, and the question of former President Donald Trump’s presence on the platform came up during the all-staff meeting today. Trump was banned from the platform in 2021, but Agrawal didn’t have a definitive answer to whether Trump would have access to his favorite social network going forward. Trump today said he wouldn’t return to Twitter even if he was welcomed back under its new owner and that he would use his Truth Social platform instead.

“Once the deal closes we don’t know which direction the platform will go,” Agrawal told staff regarding Trump, saying it was a question that should be addressed with Musk.

The deal is expected to close later this year. Until Musk takes over, Twitter’s staff may have to wait to hear about how things will change. “We don’t have all the answers,” Agrawal said. “This is a period of uncertainty.”

Today’s Storystream

Feed refreshed Sep 24 Striking out

E
External Link
Emma RothSep 24
California Governor Gavin Newsom vetoes the state’s “BitLicense” law.

The bill, called the Digital Financial Assets Law, would establish a regulatory framework for companies that transact with cryptocurrency in the state, similar to New York’s BitLicense system. In a statement, Newsom says it’s “premature to lock a licensing structure” and that implementing such a program is a “costly undertaking:”

A more flexible approach is needed to ensure regulatory oversight can keep up with rapidly evolving technology and use cases, and is tailored with the proper tools to address trends and mitigate consumer harm.


A
Youtube
Andrew WebsterSep 24
Look at this Thing.

At its Tudum event today, Netflix showed off a new clip from the Tim Burton series Wednesday, which focused on a very important character: the sentient hand known as Thing. The full series starts streaming on November 23rd.


A
The Verge
Andrew WebsterSep 24
Get ready for some Netflix news.

At 1PM ET today Netflix is streaming its second annual Tudum event, where you can expect to hear news about and see trailers from its biggest franchises, including The Witcher and Bridgerton. I’ll be covering the event live alongside my colleague Charles Pulliam-Moore, and you can also watch along at the link below. There will be lots of expected names during the stream, but I have my fingers crossed for a new season of Hemlock Grove.


A
Andrew WebsterSep 24
Looking for something to do this weekend?

Why not hang out on the couch playing video games and watching TV. It’s a good time for it, with intriguing recent releases like Return to Monkey Island, Session: Skate Sim, and the Star Wars spinoff Andor. Or you could check out some of the new anime on Netflix, including Thermae Romae Novae (pictured below), which is my personal favorite time-traveling story about bathing.


A screenshot from the Netflix anime Thermae Romae Novae.
Thermae Romae Novae.
Image: Netflix
J
Twitter
Jay PetersSep 23
Twitch’s creators SVP is leaving the company.

Constance Knight, Twitch’s senior vice president of global creators, is leaving for a new opportunity, according to Bloomberg’s Cecilia D’Anastasio. Knight shared her departure with staff on the same day Twitch announced impending cuts to how much its biggest streamers will earn from subscriptions.


T
Twitter
Tom WarrenSep 23
Has the Windows 11 2022 Update made your gaming PC stutter?

Nvidia GPU owners have been complaining of stuttering and poor frame rates with the latest Windows 11 update, but thankfully there’s a fix. Nvidia has identified an issue with its GeForce Experience overlay and the Windows 11 2022 Update (22H2). A fix is available in beta from Nvidia’s website.


A
External Link
If you’re using crash detection on the iPhone 14, invest in a really good phone mount.

Motorcycle owner Douglas Sonders has a cautionary tale in Jalopnik today about the iPhone 14’s new crash detection feature. He was riding his LiveWire One motorcycle down the West Side Highway at about 60 mph when he hit a bump, causing his iPhone 14 Pro Max to fly off its handlebar mount. Soon after, his girlfriend and parents received text messages that he had been in a horrible accident, causing several hours of panic. The phone even called the police, all because it fell off the handlebars. All thanks to crash detection.

Riding a motorcycle is very dangerous, and the last thing anyone needs is to think their loved one was in a horrible crash when they weren’t. This is obviously an edge case, but it makes me wonder what other sort of false positives we see as more phones adopt this technology.


A
External Link
Ford is running out of its own Blue Oval badges.

Running out of semiconductors is one thing, but running out of your own iconic nameplates is just downright brutal. The Wall Street Journal reports badge and nameplate shortages are impacting the automaker's popular F-series pickup lineup, delaying deliveries and causing general chaos.

Some executives are even proposing a 3D printing workaround, but they didn’t feel like the substitutes would clear the bar. All in all, it's been a dreadful summer of supply chain setbacks for Ford, leading the company to reorganize its org chart to bring some sort of relief.