+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Employee morale at Twitter is reportedly tanking as possible acquisition talks continue

Oct 11, 2016, 20:28 IST

Getty / Drew Angerer

Despite reports that it had lost interest in the company, it appears Salesforce may still want to buy Twitter as the two companies are still involved in negotiations, The New York Times reported on Monday.

Advertisement

Amid uncertainty of the possible acquisition, morale at Twitter has declined so much, that some employees have stopped showing up for work, the report said.

"Rank-and-file staff members are frustrated about being in the dark on the company's future," The Times' Mike Isaac wrote. "A handful of employees have stopped showing up for work entirely," he added, citing several insiders.

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

Twitter CEO Jack Dorsey is said to be warming up to the idea of selling off the company after initially being hesitant about entertaining an acquisition.

Over the past several weeks, companies including Google and Apple have been rumored to be considering a bid for the struggling social-media platform.

Advertisement

As Google reportedly backed out of negotiations last week and Salesforce CEO Marc Benioff commented about possibly losing interest in the company, Twitter's stock plunged 20%.

Last year, the company laid off 8% of its employees and lingering whispers of an acquisition have spurred rumors of layoffs.

Employees criticized management for the way it handled the layoffs at the time - some of whom found out when they were unexpectedly locked out of their company email accounts.

Twitter is set to announce its third-quarter earnings on Oct. 27.

NOW WATCH: Twitter's huge deal to live-stream NFL games could be a game changer

Please enable Javascript to watch this video
Next Article