
Twitter Inc (NYSE: TWTR) CEO Parag Agrawal told employees no layoffs were being planned until Tesla Inc (NASDAQ: TSLA) CEO Elon Musk’s $44 billion takeover deal closes later this year, The Verge reported on Monday, citing excerpts from a virtual call.
What Happened: Agrawal fielded questions about his future in the company, Twitter’s board and layoff plans, but the 37-year-old CEO did not have many “concrete answers” to offer on what would happen if Musk takes over the company.