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

Hours after Elon Musk stated his Twitter buyout is quickly , Twitter’s CEO has stated

Hours after Elon Musk stated his Twitter buyout is quickly , Twitter’s CEO has stated he nonetheless expects the deal to shut, however “we should be ready for all eventualities.” In a sequence 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 had been widespread 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 experiences counsel to take over the CEO position a minimum of quickly.)

“Modifications impacting individuals are all the time arduous,” Agrawal stated. “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 anticipate 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 chance that Musk’s buyout might not really undergo. The Tesla CEO, who has stated ridding Twitter of bots is certainly one of his prime objectives, earlier in the day that the deal was “temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.” He later added that he was “still committed to the acquisition.”

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Meanwhile, Twitter is also trying to navigate widespread uncertainty among employees, many of whom are uneasy about Musk’s for the company. In addition to cutting its top revenue and product executives Thursday, the company is also pausing all new hiring and rescinding some job offers, in an effort to cut costs.

Agrawal said Friday that he would continue “making hard decisions as needed.” “I won’t use the deal as an excuse to avoid making important decisions for the health of the company, nor will any leader at Twitter,” he tweeted.

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