Twitter employees based in Singapore have recent concerns about the company following Elon Musk's desire to buy the social media platform for $44 billion or S$61 billion.
The operations in the Asia-Pacific headquarter of the tech firm appear to be continuous at the moment. However, workers have thoughts about the stock options and compensation packages amid the planned takeover of the business tycoon.
Twitter Employees Share Thoughts About the Upcoming Takeover
Twitter employees based in Singapore are growing concerned about the stock options and pay-related issues amid Elon Musk's planned takeover.
The first thought that might concern an employee is the job cut in hindsight. In some cases, when the company owner is replaced by someone new, there could be some changes in the workforce structure.
It's noteworthy to mention that these changes could affect the position of staff in an organization. However, Twitter employees in the Singaporean headquarter said that it's the least of their concerns.
According to The Strait Times, the workers are much more concerned about the pay structure once the takeover takes effect.
One employee mentioned in the report that when Twitter is delisted, the acquisition will mean that the pay structure and their contracts will be affected.
Additionally, this could mean that those individuals with stock options will experience the changes within the company.
Elon Musk Weighs Options About Cutting Jobs
In another story written by Bloomberg this week, some people who are familiar with the event told the news outlet that Elon Musk is currently discussing job cuts and other techniques to generate more money for the platform.
To heavily secure the financial position of Twitter, the tech boss should consider adding it to the plan. This would help the firm to develop the company's overall financials.
However, this alleged discussion was immediately dismissed by the current CEO Parag Agrawal. According to the chief executive, the latest discussion did not discuss layoffs for the employees.
Per The Strait Times, one worker said that Musk has not yet established a firm stance about the company financing.
Furthermore, the employee said that the SpaceX boss needs to share his thoughts on how to increase the company's profits because they have been stagnant for a while.
"It is too early to speculate about retrenchments when the deal isn't even finalized yet. I don't expect to be retrenched, but if it happens, it happens. We can always find new jobs as our skills are in high demand," the employee adds.
The person continues that it will be all about business until the deal has been locked. This also means that there will be no changes in the operations and work priorities.
Related Article: Elon Musk's Twitter Plan To Charge Companies for Embedded Tweets | Shares Opinion About Far-Left People
Twitter to Expand its Headquarter Size
Meanwhile, The Business Times reports that the social media giant has officially announced that it will extend its headquarters based in the Central Business District.
The extension will cover 22,000 sq. ft. of land, which will be double the size of the current space of the office.
Originally, it was planned to happen on Thursday, Apr. 28. However, the company canceled it ahead of schedule.
Read Also: Apple Employees Air Concerns For Increased Flexibility; Pushes For Remote Work Option
This article is owned by Tech Times
Written by Joseph Henry
