Elon Musk just bought Twitter for $44 billion and intends to take the company private. The news comes after weeks of memes and people thinking Musk was joking but that’s not the case.
With Twitter announcing the deal and people like its co-founder Jack Dorsey endorsing it (albeit with confusing language), Twitter employees are left in suspense about their future.
As is the case with many tech companies, Twitter employees receive about half of their compensation in stock, so there’s no telling what would happen if Twitter would stop being a publicly-traded company.
Twitter CEO Parag Agrawal said that there will not be layoffs in the near future but would not comment on a hiring freeze.
According to The Verge, who talked with multiple Twitter employees, from compensation to a culture shift, everyone waited with bated breath to see if Musk will buy Twitter…and no one knows what’s next.
In one hilarious tweet, Ned Miles asked “can someone just tell me if I’m rich or fired please”. His confusion is similar to that of anyone reading the news recently.