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On Tuesday, several Twitter employees were working on the company’s annual planning process when news broke that Elon Musk had once again changed his mind about his on-again, off-again $44 billion acquisition bid.
Deal was sealed this time. The proposals that they were in the middle of outlining? possibly not
One worker recalled how a group would take a quick break to note the news before moving on to the conversation.
I believe that everyone is accustomed to the drama, the individual added. We’re merely travelling companions.
Employees have grown accustomed to uncertainty due to the deal’s protracted uncertainty, and many of them reacted with a sense of déjà vu when they heard that Musk was considering returning to his original offer, according to three company insiders who were not authorised to speak publicly.
Since the richest man in the world revealed in April that he had purchased a stake in the social media platform, Musk has accepted and rejected a position on Twitter’s board, begun an effort to take the firm private, and attempted to back out of the agreement entirely.
According to a worker who spoke to Reuters, the social media business is only pursuing roughly half the initiatives it would ordinarily pursue since it is unsure how many staff will leave and because it wants to make sure it can fulfil obligations.
Many vented their frustrations on the site they operate, tweeting about their perplexity and perceived futility in trying to plan for the future in light of Musk’s anticipated demand for fundamental changes to Twitter’s operating model.
JP Doherty, an engineering manager at Twitter, wrote, “All of the frazzled nerves, all of the uncertainty, all of the worrying, all of the back and forth, all of the people I care about suffering and anxious.”
And perhaps we just go back to the beginning. Unbelievable.”
A cartoon figure yells “woah” before declaring, “this is worthless,” in a meme that several employees posted that features a piece of paper with the words “2023 Planning.”
Another meme that was well-liked among Twitter staff members depicted SpongeBob SquarePants cartoon characters with Elon Musk and Jack Dorsey, the company’s creator and former CEO, respectively. Musk had received public support for his proposal.
Buildings blazed all around the two as they stood there grinning. Elon, we succeeded! The caption read, “We saved Twitter.
According to a source, some employees in Twitter’s internal Slack channel bemoaned that they had sold some Twitter shares the day before, before Musk’s comeback to the deal caused the stock to soar more than 22%.
Others expressed doubt that Musk would ever follow through on his offer after all the unpredictability.
Wouldn’t be surprised if it’s a delay strategy to obtain additional time for trial discovery and he backs out again after a month or whatever, one employee remarked on Slack.
