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Growing up outside of the US, I feel kinda cringed when he said he was "INSANELY proud of our collective teams achieved". Such an interesting cultural difference.
Why is Parag making any major changes at this point? What "new vision" is he going to execute in his last few months at the company before Elon comes in and torpedoes it anyways?
I'd be shocked if these changes weren't Musk's
Earlier quoted context omitted.
Why do you think this isn't what is required as part of the acquisition plan?
That's not how acquisitions work. Elon made the offer, it was accepted. Now the company has to continue to operate without his influence until the deal actually closes.
> I’m just now learning that Parag fired Kayvon while he was on paternity leave, which is truly awful. > Parag is on his way out too. Why is he firing his product leaders during his lame-duck period? https://twitter.com/CaseyNewton/status/1524790595968901122
Firing while on paternity leave isn't really that bad as long as they give you severance to cover paternity leave plus some extra - which I'm guessing they did since severance packages for higher ups tend to be pretty good. (As compared to no severance or two weeks that many ICs get)
ICs follow the lead that executives set. A chilling effect like this will cause folks who most _need_ the leave — single parents, people with family in need of care, or those struggling with their own health issues — to second-guess their choice, while those who can just walk away w/o any real risk can go ahead and try taking time away.
It also puts the lie to the idea that employer-subsidized leave beyond the federally-protected time window is an entitlement rather than an easily-canceled perk. We all know that rationally, but a BigCo obviously exploiting that trust is a good reminder that the company (any company) is not there to help you, they are not your family, and you have to be ready for this kind of “switcharoo” whenever the numbers (or politics) justify it.
> I’m just now learning that Parag fired Kayvon while he was on paternity leave, which is truly awful. > Parag is on his way out too. Why is he firing his product leaders during his lame-duck period? https://twitter.com/CaseyNewton/status/1524790595968901122
Maybe this is Parag trying to keep his job?
With that track record, one must assume his head will be one of the first on the chopping block.
Earlier quoted context omitted.
That's not how acquisitions work. Elon made the offer, it was accepted. Now the company has to continue to operate without his influence until the deal actually closes.
If those changes were planned before Musk's offer, wouldn't changing the plans to that "keeping the lights on and making sure everything stays stable until the deal closes" be opposite of operating without his influence?
So there's two options right - the first is that Parag is for some reason making big strategic decisions about the direction of the company despite the fact that we all know he'll be gone if the deal closes. Or he's making big strategic changes at the behest of the acquirers before the deal closes. Neither of these things seem particularly kosher moves to make. The question is how to figure out which one it is. It wo…
For Parag, I don't see it "burning his reputation" at all, considering either a) he's right and will face the tall task of helming a Twitter that continues to disappoint its investors or b) he's wrong and it won't be his problem when Elon fires him next year.
Letting people go while they’re on maternity or paternity leave us not cool.