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Twitter confirms lawsuit with Musk led to a large number of employees leaving: 18.3% turnover rate

  • linda
  • 2022-08-25 17:25:48
  • 153 read
  Twitter said today that as the company faces a series of challenges, including a lawsuit with Tesla CEO Elon...

  Twitter said today that as the company faces a series of challenges, including a lawsuit with Tesla CEO Elon Musk (Elon Musk), and "whistle blowing" People” Peiter Zatko (Peiter Zatko) broke the news, more and more employees began to leave.

  On Wednesday, local time, Twitter executives told employees at a company all-hands meeting that Twitter's current employee turnover rate was 18.3%. By comparison, before Musk offered to buy Twitter for $44 billion, Twitter's attrition rate hovered between 14% and 16%, roughly in line with competitors' attrition rates.

  In fact, several Twitter insiders said last week that due to Musk's abandonment of the Twitter acquisition, Twitter has recently left a large number of employees because they are tired of this stagnant farce.

  "I'm mentally exhausted," said one current employee who is seeking to leave Twitter. Another said that miscommunication between employees and Twitter over the "acquisition" has resulted in many employees having effectively lost confidence in the company's leadership. respect.

  To make matters worse, Twitter's former security director, Peiter Zatko, broke the news on Tuesday that Twitter executives did not have enough resources to fully understand the true number of bot accounts on its platform. This means that Twitter has no idea of the true number of bot accounts on its platform, which is the focus of Twitter's legal battle with Musk.

  Zatko also claimed that Twitter CEO Parag Agrawal also hid the facts from Musk. Some analysts believe that this may affect the lawsuit between Twitter and Musk.

  It was the day after Zatko broke the news that Twitter held this all-hands meeting. At the meeting, Agrawal reassured employees that Zatko's allegations were "fundamentally, technically and historically inaccurate."

  And Twitter general counsel Sean Edgett (Sean Edgett) said that before the news came out, Twitter had been in touch with various regulators around the world. "We have never made material misrepresentations to regulators, our board and all of you," Edgeter said.

  During the meeting, Twitter employees asked questions about whether Twitter would hire or promote more junior employees and how Twitter could achieve its growth goals amid an exodus of employees. Agrawal replied: “The only way we can achieve these goals is to focus our attention on fewer things and to match the number of employees.”

  In response to Zatko’s revelations, the U.S. Senate Judiciary Committee will hold a hearing with Zatko on September 13 to discuss potential Twitter misleading regulators. Coincidentally, on the same day, Twitter shareholders will also vote on whether to approve the Musk acquisition.


TAG: Twitter

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