Twitter’s Chief Tries Staying the Course as Elon Musk Upends Plans

SAN FRANCISCO – At a virtual meeting of Twitter executives last week, Parag Agarwal admitted he was tired.

Mr. Agarwal, Twitter’s chief executive, spent the last six weeks managing the company with વેચાણ 44 billion in sales to Elon Musk, the world’s richest man. Some employees were openly rebelling against their new employer, who criticized the social media service and its officials. Others were annoyed at Mr. Agarwal’s latest corporate shake-ups. And Mr. Musk seemed likely to push Mr. Agarwal from the job.

In the meeting Mr. Agarwal was “raw” about Twitter issues and hurricanes drawing attention to Mr. Musk’s deal, said two people familiar with the incident. But he also expressed a sense of acceptance of his situation and said he would go ahead with his plans for the company, he said.

Mr. Agarwal touched on areas he said were key to improvement: Twitter’s core product, the company’s depth of technology, business, free speech across the platform and, most importantly, what leadership looks like. Some executives walked out of the meeting excited, people said.

That Mr. Agarwal can do it given the circumstances. That’s because of all the top jobs in tech, the 38-year-old is in the most impossible job.

An Indian-origin executive dependent on Twitter co-founder Jack Dorsey has been running the company since November. It was expected to turn to Twitter after years of missed growth and financial goals. But Mr. Kasturi jumped in just months, essentially Mr. Agarwal is in the form of a lame duck who must manage an unsettled workforce before he can potentially boot out of the company and face the growing economic challenges of Twitter.

“There’s no one in the world who wants to be in these shoes,” said Bob Sutton, an organizational psychologist and professor at Stanford University.

Although Mr. Agarwal faces the situation, he has to face a soft landing. If Mr. Musk removes him as chief executive, Mr. According to the securities filing, Agarwal is to earn crores. (In November, they were offered an annual salary of $ 1 million, plus bonuses, as well as a compensation package of $ 12.5 million worth of restricted stock units and performance-based stock units.)

Mr. Agarwal will appear at Twitter’s annual shareholder meeting on Wednesday, which will be held virtually. He and other executives are not expected to address the deal. Musk, which shareholders will vote on at a later date. Instead, Mr. Agarwal will keep the meeting procedural and short as per the regulatory filing.

Behind the scenes, staff and advisers said, Mr. Agarwal is working with bankers and board members to stop Mr Twitter from selling. Musk, though the billionaire recently indicated he wanted to renegotiate and made thorny remarks about the company.

Mr. Agarwal has also doubled his plans to make Twitter overall when he can. This month, it fired two top executives, halted most recruitment and pulled back to discretionary spending after the company missed financial targets. It also plans to enhance Twitter’s features by using machine learning, to make the platform more attractive to new users and to move faster to debut new products, according to a presentation at the company’s meeting this month.

“I know we are going through a period of uncertainty,” he said. Agarwal said in the meeting, according to a recording obtained by The New York Times. “We’re turning our attention back to our work.”

Mr. Agarwal joined Twitter in 2011 as an engineer while completing his doctoral studies in computer science at Stanford. He then rose steadily to become the company’s chief technology officer in 2017. He has spent most of his career in the company and has over 610,000 followers on the service.

Mr. as Chief Technology Officer. Agarwal worked on some of Twitter’s most complex technical challenges, and his engineering colleagues and Mr. Dorsey. He shared Mr. Dorsey’s vision is that Twitter’s future depends on overhauling its technology so that it can rely more on machine learning and decentralize its services to give users more control over their experiences on the platform.

When Mr. Dorsey handed the reins to Mr. Agarwal In November, engineers went to the immediate management of more than 7,000 people under the supervision of a handful of employees. Mr. Dorsey said at the time.

Mr. Agarwal made immediate changes. Days after becoming chief executive, he fired two top executives responsible for design and engineering. He gave extensive responsibilities to the rest of the leaders. In internal emails viewed by The Times, he emphasized accountability, saying the new creation would clarify who was responsible for what actions and would speed up the decision-making process.

In January, Mr. Agarwal pushed out two security officers. In an internal memo, he said the organization was not being led in line with his expectations, which was affecting top priority work.

Deposit …Via Twitter, Getty Images

Some Twitter employees applauded the move, saying some of the fired officers were lazy or threatened workers. Others were shocked that Mr. Agarwal had long dismissed the leaders and considered them vague.

By March, Mr. Musk started making a big stake in Twitter. On March 31, Shri. Agarwal spoke to Shri. According to regulatory filings, Musk will pitch him to join Twitter’s board. Mr. Musk initially agreed, then reversed the course. Mr. Musk said he was also weighing a bid to privatize Twitter and was considering starting a new social media company, according to the filing.

That Mr. Agarwal’s first brush with Shri. Musk’s unexpected style, which quickly became regular. Mr. Musk soon launched a takeover bid for the company, sealed the deal and then needed Mr. Agarwal on Twitter on issues like fake account. When Mr. Agarwal tried to allay concerns on Twitter, Mr. Kasturi responded by sending him a pop emoji.

On Twitter, some employees tweeted Mr. According to Agarwal, 10 current and former employees who spoke on condition of anonymity. He told the workers that he would not be able to share the details of the deal with Mr. Musk-like details were laid out. He was initially quiet even at company meetings, he said, and the insider was absent in the chat.

Mr. Proponents of her case have been working to make the actual transcript of this statement available online. Proponents of her case have been working to make the actual transcript of this statement available online. After the agreement was signed, Twitter held staff meetings and sent more than a dozen emails to update workers. Last week, Twitter let employees ask questions about the deal to legal and policy chief Vijay Gadde and chief financial officer Ned Segal.

Mr. Agarwal’s defenders said he was more sociable and charming in a small group setting. They added that their changes were long overdue, especially in a company that was resistant to change.

In slack messages and group chats, other employees have expressed enthusiasm for Mr. Owning Musk, his passion for Twitter could rekindle the company.

But Mr. Agarwal has opponents. At company meetings in recent weeks, he has sometimes said that “nothing will change” at this time. Some employees have made fun of his comments by creating memes. Agarwal is often reassuring, people said.

Many employees remain uncertain about their future in the company, many said. Some are even zooming in on the golden parachutes that Mr. Agarwal and other top officials will receive if they are fired after the deal with Shri. Musk shuts down, people said.

Mr. Agarwal has told the believers that they will carry out their plans instead of waiting for Shri. To take musk. After cutting costs and stabilizing almost all jobs in the company this month, he tried to mobilize workers.

“During this time of change, it is important that we continue to strengthen our work through increased responsibility and execution to make Twitter what it can be,” he wrote in an email to employees, which was viewed by the Times. “Our purpose is survival.”

Ryan Mack Contribution Report.

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