Twitter said it’s experiencing somewhat elevated levels of staff attrition amid the social media giant’s buyout battle with Elon Musk, who refused to agree to a golden handcuffs plan endorsed by Twitter management to retain talent.
“Tweeps,” as the company dubs its employees, have been quitting their jobs at a similar rate to industry peers but “slightly higher” than economic conditions warrant and that Twitter seems comfortable with.
“Our attrition is slightly higher than best practice for normal macroeconomic times, but remains inline with current industry trends. We will continue to monitor it to ensure that we can quickly identify any areas of concern and help mitigate where possible,” Twitter said in a July 13 regulatory filing (pdf) with the Securities and Exchange Commission (SEC)….