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Mr. Agrawal told employees that their stock options would convert to cash when the deal with Mr. Musk closes, which he estimated would take between three and si
by gunapologist99 4y ago
Mr. Agrawal told employees that their stock options would convert to cash when the deal with Mr. Musk closes, which he estimated would take between three and six months. Employees would receive their same benefits packages for a year after the deal was finalized and there were no immediate plans for layoffs, he added.
So, really those two long sentences should be rewritten:
Mr Agrawal, as an officer of the company, engaged in rampant speculation, perhaps to reassure employees (or himself) that their jobs were safe for three months to a year, even though Mr. Musk had repeatedly indicated otherwise.
- that_guy_iain 4y agoI think he would have known he was out the door since part of the reason Musk was saying he was buying Twitter in text messages was that he thought Agrawal wasn't up to the job. With a 52 million payout, I also think he wasn't overly worried about how he would do after Twitter.
- deleted 4y ago[deleted]
- dboreham 4y ago"no immediate plans for layoffs" means "layoffs in a few weeks".
- cpsns 4y agoExactly. The moment upper management utters the word 'layoff' in any context, or tries to reassure workers it's time to GTFO immediately.
- ryanwaggoner 4y agoWhy would you GTFO because there’s a possibility you might be laid off? Why not wait and see if that actually happens and collect any severance?
- silisili 4y ago1 - Layoffs mean either your workload is going up, or you're getting fired. 2 - Depending on size of company and location, mass layoffs mean a ton of people looking for jobs at the same time. Better to get ahead of such things, in my experience.
- cpsns 4y agoPersonally? Because I don't think the stress is worth it. I've been in this situation and find it unbearable.
- Haga 4y ago