Elon Musk, New Owner Of Twitter, May Layoff 75% Of Employees

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San Francisco, 28th October 2022: The world’s richest man and Tesla CEO, Elon Musk, is now the new owner of Twitter. The first thing he did as soon as he took over the command of Twitter was to fire many top officials, including the company’s CEO, Parag Agarwal. A few days ago, it was mentioned in the news that Musk has told his potential investors to buy Twitter and he will plan to cut about 75% of Twitter’s 7,500 employees.

 

According to a report by the news agency Reuters, Twitter CEO Parag Agarwal, Head of Legal, Policy and Trust Vijaya Gadde, Chief Financial Officer Ned Segal and other top executives were fired from the company. According to Reuters sources, when the decision was made to take Ned Sehgal and Parag Agarwal out of Twitter, both were present at the San Francisco headquarters.

 

Musk has said that he will address this when he becomes the owner of the company. Musk withdrew from the deal after his initial $44 billion bid to buy Twitter in April. Musk backed out, arguing that Twitter had misrepresented the number of fake “spam bot” accounts on its platform.

 

After this, Twitter filed a lawsuit, and the court offered times till 28th October to both parties. However, Musk and Twitter have not yet said anything about the completion of the agreement. It is not yet clear whether the agreement has been finalized, despite Musk arriving at the headquarters.