Twitter fears employee leaks before Elon Musk's acquisition is complete
Twitter warns of possible employee exodus before Musk completes purchase | Ars Technica
https://arstechnica.com/tech-policy/2022/05/twitter-warns-of-possible-employee-exodus-before-musk-completes-purchase/
In a document submitted by Twitter to the Securities and Exchange Commission , 'Before the acquisition by Mr. Musk, Twitter's business was exposed to certain risks and certain restrictions on our business due to the terms of the acquisition agreement, and the business relationship.・ There is a possibility of damage to financial condition, business results, and cash flow. '
In this document, Twitter also warns that 'employees may leave their jobs before the acquisition is complete.' Documents filed with the Securities and Exchange Commission describe the various risks associated with a corporate acquisition, but all of Twitter's concerns about employee retention and recruitment are 'Employees' acquisition of Twitter by Mr. Musk.' It seems that 'dissatisfaction' is the base. Twitter CEO Parag Agrawal reportedly held an internal meeting to calm employee anger, Reuters reported .
In addition, the document submitted by Twitter to the Securities and Exchange Commission also states that 'if the acquisition of Twitter is not completed for some reason, a lawsuit may be filed.'
When Reuters asked Musk, 'What to do if Twitter employees leave a lot of jobs?' He said, 'If someone doesn't like (my acquisition of Twitter), they leave. You can. That's okay . '
In an interview with Reuters, Musk said on Twitter's goal of self-confidence: 'Ideally most Americans will have conversations on Twitter, and Twitter will offer the widest and most comprehensive service possible. It's about providing it. '
According to Twitter, the platform has 39.6 million daily active users in the United States and 189.4 million worldwide. So, Musk said, 'Currently, users of Twitter in the United States are'niche'. I think that far more people in the United States are using Twitter and interacting on this platform. I hope to be able to do it. '
To achieve this goal, 'We need to eliminate bots, trolls, scams, etc., which obviously degrades the user experience,' Musk said.
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