CEO Parag Agrawal will stay on until the deal closes.
Twitter CEO Parag Agrawal didn’t have many concrete answers for staff about what will happen once Elon Musk takes over the company later this year. During a virtual all-hands call Monday, hours after the company announcedfor $44 billion, Agrawal fielded questions on the future of his job, the company’s board, and possible layoffs.
Layoffs aren’t planned “at this time,” Agrawal said, according to a person who heard the remarks and who asked to remain anonymous. Agrawal also said that he’d remain as CEO until the deal’s close, but he didn’t comment about what would happen after that. The company’s board will dissolve once the deal closes, said Brett Taylor, the board’s independent chair.“There is indeed uncertainty about what will happen after the deal closes,” Agrawal told staff.
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