TheQuartering [9/22/2022]
Twitter is facing an exodus of hundreds of workers. Two months after Elon Musk declared his intent to acquire Twitter in a $44 billion deal, the billionaire spoke directly with employees at the company. During that meeting, Musk pitched his vision for the business. Since then, hundreds of staff have fled the social media giant.
- Musk’s meeting with Twitter employees covered everything from aliens to layoffs, but did little to reassure workers, according to people with knowledge of the matter. Employees had already expressed frustration with the deal reached in April, and sources say around 100 workers left the company in the weeks that followed.
- The trend of increased attrition only exacerbated as Musk and Twitter embarked on an ongoing legal battle. According to the Twitter workers, who asked not to be identified, the business saw a net loss of more than 700 full-time staff as of September.
- But the legal saga isn’t over yet. Twitter is about to get its first chance to question Elon Musk under oath regarding his decision to back out of the deal.