relief! Employees’ jobs will not go to Twitter, Elon Musk said – the news of layoffs is wrong
Highlights
The New York Times claimed that Musk had ordered job cuts.
According to the report, Musk wants to keep only 75% of the workforce in the company.
Tesla owner Elon Musk has bought Twitter for US$44 billion.
New Delhi. Twitter’s new boss Elon Musk has denied reports of employee layoffs in the company. Musk has denied a New York Times report that claimed Twitter layoffs could be done before November 1 because if employees are fired after that day, they will receive stock as compensation. Grants may have to be given.
But when a Twitter user tweeted about Elon Musk’s reaction to the layoff, he said, “This is wrong.” In fact, The New York Times reported on Saturday that Musk has ordered job cuts at the company.
Also read- Elon Musk paid a big price to become the owner of Twitter, loss of 1 thousand crore dollars, know why?
American newspaper had claimed layoffs
A US newspaper report claimed that Elon Musk has asked some managers to prepare a list of employees for layoffs. Musk wants to keep only 75% of the workforce in the company. According to media reports, Musk has fired top executives and preparations are being made to fire other employees.
Musk fired Twitter CEO Parag Agarwal, Chief Financial Officer Ned Sehgal and Legal Affairs and Policy Chief Vijaya Gadde on Thursday following the completion of the social media platform’s high-profile $44 billion buyout. People who were aware of this entire incident informed the news agency Reuters about this.
More than 7 and a half thousand employees are doing jobs in Twitter
Musk accused these people of misleading him and Twitter investors about the number of fake accounts on Twitter. According to research firm Equilar, executives received a separation payout of about $122 million in total.
Let us tell you that Tesla owner Elon Musk has bought Twitter for 44 billion US dollars. Soon after the acquisition, he started taking big decisions. In this the decision related to retrenchment of officers and employees is important. At present, more than 7 and a half thousand employees are working in Twitter.
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Tags: Elon Musk, Parag Agarwal, Twitter
FIRST PUBLISHED : October 31, 2022, 08:44 IST
