Twitter has been taken over by Elon Musk, and many Indian Industrialists like Anand Mahindra & Vijay Shekhar Sharma have reacted to Elon Musk’s Twitter Takeover.
However, Musk has terminated Twitter chief executive Parag Agrawal, chief financial officer Ned Segal, and legal affairs and policy chief Vijaya Gadde.
According to ET, Most teams have been in a state of “wait-and-watch” barring those involved in routine maintenance, a mid-level executive working out of its Bengaluru office said.
“Right now, none of us know whether we will still have jobs at the end of the day. There has been no official communication. We are waiting,” the executive said.
Elon Musk wrote on his takeover that “the bird is freed!“, drew over 1 million likes and thousands of reactions. Congress leader Rahul Gandhi congratulated the new boss on Twitter.
Congrats @elonmusk.— Rahul Gandhi (@RahulGandhi) October 28, 2022
I hope @Twitter will now act against hate speech, fact check more robustly, and will no longer stifle the opposition’s voice in India due to government pressure. pic.twitter.com/j2unZeYYj6
The chairman of Mahindra Group, Anand Mahindra welcomed the new Twitter boss quoting Ghalib.
An Indian technology entrepreneur, Vijay Shekhar Sharma said, “Congratulations @elonmusk ! Nearly everyone everywhere has lots of expectations I am sure you will build @Twitter as a safe online town square for everyone.
On Oct. 4, Musk agreed to proceed on his originally proposed terms, and a Delaware Chancery Court judge gave the two sides until Oct. 28 to wrap up the deal. That deadline was met, and now Musk, who is CEO of both Tesla Inc. and SpaceX, also controls Twitter, a service he uses often but criticizes openly, and that he has promised to change dramatically. The company’s shares are no longer expected to trade on the New York Stock Exchange.
Twitter employees have been bracing for layoffs since the transaction was announced in April, and Musk floated the idea of cost cuts to banking partners when he was initially fundraising for the deal. Some potential investors were told Musk plans to cut 75% of Twitter’s workforce, which now numbers about 7,500, and expects to double revenue within three years, a person familiar with the matter said earlier this month.
While visiting Twitter headquarters on Wednesday, Musk told employees that he doesn’t plan to cut 75% of the staff when he takes over the company, according to people familiar with the matter.