Twitter executives have used recent staff meetings to explain that the company’s board has a fiduciary duty to find the best possible outcome for shareholders. In a recent thread, an employee wrote that Musk 'puts the douche in fiduciary'. — Reuters
Twitter Inc employees are enduring the whiplash of public commentary from the social network’s future owner, a changeover in leadership and a hiring freeze. On top of all that, some will be assigned new jobs as the company shifts away from its riskier projects.
Executives told workers of plans to pull back resources for some long-term ambitions, including audio spaces, newsletters and communities, in favour of focusing on more immediate needs, like user growth and personalisation efforts, according to people familiar with the matter. That means many employees will be shuffled within the company’s consumer product group, the people said.
