Even Twitter CEO Parag Agrawal is unsure what Elon Musk’s purchase of the company means for the service or its employees. This is the most important takeaway from accounts of the company’s first all-hands meeting following the announcement of the $44 billion deal.
Will Musk lift the ban on Donald Trump? Are there going to be layoffs? What about employee stock options? All of those questions appear to be up in the air for the time being.
Agrawal reportedly told employees that no layoffs were planned “at this time,” but admitted that he was concerned about the future. “We don’t know what direction this company will go in once the deal closes,” he told The New York Times.
Meanwhile, Twitter chairman Bret Taylor confirmed that the board of directors will be disbanded once the acquisition is completed. According to Bloomberg, the entire process could take another six months.
Many Twitter employees are concerned about the deal, and the company has reportedly “locked down changes to its platform through Friday” in an effort to protect against “rogue” employees.
Musk outlined a number of changes he wanted to make in his announcement of the deal, including ridding Twitter of spambots and “authenticating all humans.”