Tech

Elon Musk fires Parag Agrawal as Twitter CEO? New CEO is said to have lined up, reports say


Parag Agrawal could be replaced after Elon Musk completes Twitter acquisition.

Twitter’s new boss, Elon Musk, is expected to appoint a new CEO to replace Parag Agrawal CEO after the $44 billion sale of the social network is completed. Reuters news agency cited an unnamed source as saying so. However, the source has not revealed the name of the person who can replace Agrawal. Parag Agrawal, joined Twitter as CEO in November and is expected to stay in his post until Musk takes over the company completely. Agrawal will receive a substantial compensation package of $42 million if he is terminated within 12 months of changing control at the social media company under the terms mentioned in his contract. ta.

Musk is said to be planning on making some bold changes to make Twitter a place of “maximum fun.” Earlier, the billionaire told Twitter chairman Bret Taylor that he did not trust the company’s management.

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However, even as reports of Parag Agrawal’s replacement as Twitter CEO following the Tesla and SpaceX boss’ hostile takeovers are being circulated across the internet, Agrawal remains confident in the company’s future. myself at the company. He tweeted, “I have made this work to change Twitter for the better, right where we need it of course and strengthening the service. Proud of our people who continue to do the job with focus and urgency despite the noise.”

Meanwhile, Agrawal sought to quell employees’ anger during a company-wide meeting where they demanded answers on how managers plan to handle an expected mass exodus. ​powered by Elon Musk. The internal town hall meeting was held after Musk repeatedly criticized Twitter’s content moderation practices and a senior executive responsible for setting speech and safety policies.

Reuters shared that executives said the company would monitor employee attrition on a daily basis, but it was too early to say how the acquisition deal with Musk would affect retention. Staff.

Musk has convinced lenders of the pay cuts for the board and executives, but the exact cost-cutting remains unclear. One of the sources told Reuters that Musk will not make a decision to cut jobs until he takes ownership of Twitter.

Meanwhile, responding to one of the employee’s tweets, Agrawal said that Twitter has always cared about its employees and will continue to do so. “I believe the future Twitter organization will continue to care about its impact on the world and its customers,” wrote an employee, after an employee asked for his honest thoughts on the very high possibility that Many employees will be without jobs after Musk closes the deal.





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