Hours after Elon Musk mentioned his Twitter buyout is briefly on maintain, Twitter’s CEO has mentioned he nonetheless expects the deal to shut, however “we need to be prepared for all scenarios.” In a collection of tweets, Parag Agrawal didn’t straight deal with Musk’s earlier feedback however he weighed in on yesterday’s management shakeup, which resulted within the firing of two senior Twitter executives.
The transfer had raised eyebrows not simply because the 2 had been in style longtime leaders on the firm, however as a result of many don’t anticipate Agrawal to maintain the CEO job after the acquisition is finalized. (Musk has mentioned he has no confidence in Twitter’s present management and studies recommend Musk intends to take over the CEO position no less than briefly.)
“Changes impacting people are always hard,” Agrawal mentioned. “And some have been asking why a ‘lame-duck’ CEO would make these changes if we’re getting acquired anyway. The short answer is very simple: While I expect the deal to close, we need to be prepared for all scenarios and always do what’s right for Twitter.”
While I anticipate the deal to shut, we must be ready for all eventualities and all the time do what’s proper for Twitter. I’m accountable for main and working Twitter, and our job is to construct a stronger Twitter daily.
— Parag Agrawal (@paraga) May 13, 2022
Notably, Agrawal’s feedback would appear to acknowledge the likelihood that Musk’s buyout could not truly undergo. The Tesla CEO, who has mentioned ridding Twitter of bots is certainly one of his high objectives, acknowledged earlier within the day that the deal was “temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.” He later added that he was “still committed to the acquisition.”
Meanwhile, Twitter can be attempting to navigate widespread uncertainty amongst staff, lots of whom are uneasy about Musk’s plans for the corporate. In addition to chopping its high income and product executives Thursday, the corporate can be pausing all new hiring and rescinding some job gives, in an effort to chop prices.
Agrawal mentioned Friday that he would proceed “making hard decisions as needed.” “I won’t use the deal as an excuse to avoid making important decisions for the health of the company, nor will any leader at Twitter,” he tweeted.