Twitter employees grill CEO Parag Agrawal over fears of post-Musk exodus

At the internal town hall meeting, executives said the company would monitor staff attrition daily, but it was too soon to tell how the buyout deal with Musk would affect staff retention.

Musk has pitched lenders on slashing board and executive salaries but exact cost cuts remain unclear, according to sources familiar with the matter. One source said Musk would not make decisions on job cuts until he assumed ownership of Twitter.

Agrawal answered that Twitter had always cared about its employees and would continue to do so.

Earlier this week, Musk also pushed for end-to-end encryption on the social media platform, prompting concerns among users and lawmakers who fear that such protections may make it easier for extremists and criminals to operate online.

After the meeting, a Twitter employee told Reuters there was little trust in what executives had to say.

Agrawal was expected to receive an estimated $42m if he were terminated within 12 months of a change in control at the social media company, according to the research firm Equilar.

During the meeting, Agrawal urged staff to expect change in the future under new leadership and acknowledged that the company could have performed better over the years.

Twitter declined further comment.