Twitter CEO tells employees no layoffs planned ‘at this time’ following Elon Musk buyout

Photo Illustration by Alex Castro / The Verge

The CEO of the company didn't have a lot of answers for staff about what will happen once Musk takes over. After the company agreed to be bought by Musk for $44 billion, the company's board and possible layoffs were the subjects of a virtual all-hands call.

According to a person who heard the remarks and asked to remain anonymous, Layoffs aren't planned at this time. He said that he would remain as CEO until the deal was done, but he didn't say what would happen after that. The company's board will be dissolved once the deal closes, according to the chair.

There is uncertainty about what will happen after the deal closes.

Some employees of the company have expressed opposition to Musk's takeover of the company. Musk insists that his attempts to purchase it aren't financial, and he wants to see changes on the platform. Musk said last week that he believes that open source should be used in the way that it's used today.

During the all-staff meeting today, the question of former President Donald Trump's presence on the platform came up, as Musk has focused on the utility of the platform for free speech. Trump was banned from the platform in 2021, but he didn't know if he would have access to his favorite social network going forward. Trump said he wouldn't return to the micro-messaging service even if the new owner welcomed him back.

After the deal closes, we don't know which direction the platform will go, and it was a question that should be addressed with Musk.

The deal is expected to close later this year. We don't have all the answers, so we may have to wait until Musk takes over.