After losing thousands of employees and top compliance officials at Twitter Inc., Elon Musk's deputies are racing to contain heightened concerns that staff will be held liable for security lapses.
Musk's lawyer Alex Spiro, who is guiding the legal team following the billionaire's acquisition, sought to reassure employees that they would not go to jail if the company is found in violation of a Federal Trade Commission consent decree, according to a message viewed by Bloomberg.
“I understand that there have been employees at Twitter who do not even work on the FTC matter commenting that they could go to jail if we were not in compliance -- that is simply not how this works,” the Quinn Emanuel Urquhart & Sullivan LLP lawyer wrote. “It is the company's obligation. It is the company's burden. It is the company's liability.”
An information security team at Twitter that oversaw sharing of user data with advertisers and research partners was laid off after the takeover, a move that triggered internal concerns about vulnerability to security threats and potential violations of FTC rules, according to two people familiar with the matter.
The layoffs, which started November 3 and affected 50% of all Twitter employees, have contributed to a chaotic atmosphere within the company and were followed this week by the resignations of senior executives, including Chief Information Security Officer Lea Kissner, Chief Privacy Officer Damien Kieran and Chief Compliance Officer Marianne Fogarty.
Spiro said Twitter had spoken to the FTC and has its first compliance check upcoming. “The legal department is handling it,” he said in his note.
The move to scrap the six-person information security team was combined with layoffs of at least a dozen other
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