Elon Musk’s Planned Twitter Takeover Creates a ‘Chaos Tax’ for Employees

In one 24-hour period this month, Twitter chief executive fired two widely liked senior executives and announced a hiring freeze, while billionaire Elon Musk suddenly said he was putting “on hold” an acquisition plan that could lead to a wholesale revamp of the social-media company.

It is a tricky time to work at Twitter. Far beyond the usual uncertainty at an acquisition target, Mr. Musk’s $44 billion takeover deal has left employees bewildered about what their jobs are and will be, as well as how to keep operating a platform with around 229 million daily users while its would-be owner uses it to publicly assail the company for everything from its free-speech policies to its business model.