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

Hours after Elon Musk stated his Twitter buyout is briefly , Twitter’s CEO has stated he nonetheless expects the deal to shut, however “we must be ready for all situations.” In a sequence of tweets, Parag Agrawal didn’t instantly tackle 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 standard 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 stated he has no confidence in Twitter’s present management and reviews counsel to take over the CEO function at the least briefly.)

“Modifications impacting individuals are all the time laborious,” Agrawal stated. “And a few have been asking why a ‘lame-duck’ CEO would make these modifications if we’re getting acquired anyway. The brief reply may be very easy: Whereas I anticipate the deal to shut, we must be ready for all situations and all the time do what’s proper for Twitter.”

Notably, Agrawal’s feedback would appear to acknowledge the likelihood that Musk’s buyout could not truly undergo. The Tesla CEO, who has stated ridding Twitter of bots is certainly one of his high targets, earlier within the day that the deal was “briefly on maintain pending particulars supporting calculation that spam/faux accounts do certainly signify 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 chopping its high income and product executives Thursday, the corporate can be pausing all new hiring and rescinding some job affords, in an effort to chop prices.

Agrawal stated Friday that he would proceed “making laborious choices as wanted.” “I received’t use the deal as an excuse to keep away from making essential choices for the well being of the corporate, nor will any chief at Twitter,” he tweeted.