Twitter ‘a shit show’ for employees since Elon Musk took a stake

Elon Musk’s impending battle with Twitter’s board is a major source of anxiety for the company’s employees – many of whom fear the billionaire’s campaign to force change is just beginning.

Musk’s surprise rejection of a Twitter board seat came ahead of a scheduled “day off” for the company’s employees, according to a report.

Twitter CEO Parag Agrawal broke the news on his account the night before, describing Musk’s decision as “for the best” even as he warned workers they would face “distractions ahead”. , Bloomberg reported Monday evening.

The uncertainty has left Twitter employees feeling ‘super stressed’ about the future, with employees ‘working together to help each other through the week’.

The report cites interviews with Twitter employees who asked not to be identified while discussing the internal workings of the company. Several employees told the outlet that Twitter’s internal environment was an “s–t-show” after Musk’s failed deal with the board.

A Twitter employee claimed Musk was “just beginning” to push for change at the company – a development the worker called “unfortunate”, according to Bloomberg.

Twitter employees are reportedly concerned that Elon Musk’s takeover of the company is just beginning.
AFP via Getty Images

Musk has become a vocal critic of Twitter’s business practices, taking particular umbrage at the platform’s content moderation policies. He is also the company’s largest individual shareholder after acquiring a 9% stake earlier this month.

Under the terms of his original deal with Twitter, Musk would have received a seat on the board until at least 2024 and could not acquire more than 14.9% of the company. Without this deal in place, Musk is free to acquire a greater stake in the company and push for greater influence over its operations.

Musk updated an SEC filing on his Twitter holdings with language suggesting he plans to remain active in corporate dealings, despite his expanding business empire that includes Tesla and SpaceX.

Twitter employees will work in an office in San Francisco.
Twitter employees will work in an office in San Francisco.
Bloomberg via Getty Images

The amended filing states that Musk “may express his views to the board of directors and/or members of the issuer’s management team and/or to the public via social media or other channels regarding the activities , the issuer’s products and service offerings”.

As reported by The Post, a representative for Twitter said the company’s planned town hall “ask me anything” with Musk – set up to address concerns from company employees about his involvement. – was probably “not going to happen again”.

At this time, Musk’s exact plans for Twitter’s future are unclear. A prominent analyst has suggested his about-face on a board seat would spark a ‘Game of Thrones’ style battle for control of the social media platform.

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