The social networking juggernaut Twitter is reportedly experiencing an employment crisis as many staff members are quitting. According to reports, the company has lost close to a dozen staff in recent weeks.
Twitter, established in San Francisco, is one of the biggest social networking and social media firms in the world, with 229 million magnetizable daily active users.
The primary justification for staff to run the social media behemoth is the current legal dispute with Tesla CEO Elon Musk.
A former Twitter employee claims that the company’s employees and officials no longer respect the CEO, Parag Aggrawal, and the rest of the senior management.
Enter Elon Musk
Elon Musk, the inventor of SpaceX, is being sued by Twitter to uphold the terms of a deal. What’s the deal? Musk would buy Twitter stock and turn the company into a private company.
Over the past two months, Twitter has come under intense public scrutiny as the legal dispute progresses.
Concerns about potential layoffs in the future, budget cuts, and the resignation of several senior officers and executives are also cited as reasons for staff to voluntarily leave their jobs.
The workforce has not well welcomed the explanations provided by the corporation regarding the Elon Musk controversy. According to what employees told the Insider, most employees believe senior management has handled the Elon Musk situation poorly. It has resulted in extremely low employee morale in general.
Elon Musk proposed the notion of an acquisition in early this year, and it saw numerous ups and downs. According to a statement from a Twitter spokeswoman, the company’s turnover rate is still in line with general industry trends. The representative acknowledged that the attrition rate exceeded recommended levels for typical economic trends.
As soon as Elon Musk started requesting information from Twitter about spam and bots on the account, everything went south. The Twitter board initially rejected Musk’s 43 billion dollar offer. They eventually caved under pressure from shareholders and agreed to finalize the acquisition for 44 billion dollars. Even more unusual, some Twitter employees have begun to share their experiences on social media.
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