Twitter CEO says he expects Musk deal to shut however is ‘ready for all eventualities’

Hours after Elon Musk mentioned his Twitter buyout is briefly , Twitter’s CEO has mentioned he nonetheless expects the deal to shut, however “we should be ready for all eventualities.” In a collection of tweets, Parag Agrawal didn’t straight handle Musk’s earlier feedback however he weighed in on yesterday’s management shakeup, which resulted in of two senior Twitter executives.

The transfer had raised eyebrows not simply because the 2 have been widespread longtime leaders on the firm, however as a result of many don’t count on Agrawal to maintain the CEO job after the acquisition is finalized. (Musk has mentioned he has no confidence in Twitter’s present management and stories counsel to take over the CEO function at the least briefly.)

“Adjustments impacting individuals are all the time arduous,” Agrawal mentioned. “And a few have been asking why a ‘lame-duck’ CEO would make these adjustments if we’re getting acquired anyway. The quick reply could be very easy: Whereas I count on the deal to shut, we should be ready for all eventualities and all the time do what’s proper for Twitter.”

Notably, Agrawal’s feedback would appear to acknowledge the likelihood that Musk’s buyout might not truly undergo. The Tesla CEO, who has mentioned ridding Twitter of bots is one in all his high objectives, earlier within the day that the deal was “briefly on maintain pending particulars supporting calculation that spam/pretend accounts do certainly symbolize lower than 5% of customers.” He later added that he was “nonetheless dedicated to the acquisition.”

In the meantime, Twitter can be making an attempt to navigate widespread uncertainty amongst staff, lots of whom are uneasy about Musk’s for the corporate. Along with slicing 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 arduous selections as wanted.” “I gained’t use the deal as an excuse to keep away from making vital selections for the well being of the corporate, nor will any chief at Twitter,” he tweeted.

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