3.1 C
Wednesday, November 29, 2023

Elon Musk denies claims that he will fire Twitter employees to avoid paying out


Related stories

Handre Pollard of South Africa Anticipates a Fierce Encounter with England in the Semi-Finals

South Africa's Rugby World Cup semi-final preparations continued in...

Scammers Utilize Artificial Intelligence to impersonate African Union Leader Moussa Faki

African Union Chief Moussa Faki Impersonated in Cyber Scam...

Victor Osimhen Faces Nearly a Month on the Sidelines Due to Hamstring Injury

Napoli's Nigerian striker, Victor Osimhen, has suffered a right...

Kenyan Facebook Moderators Allege Insincere Negotiations by Meta

The attorney representing 184 former Facebook content moderators in...

Elon Musk has denied a New York Times report that he intends to lay off Twitter employees before the start of next month in order to avoid making payouts.

In response to a Twitter user who inquired about the report, he stated, “This is false.”

After months of legal wrangling, Mr Musk completed his $44 billion (£37.9 billion) takeover of the social media platform last week.

The buyout resulted in the departure of the company’s top executives, including its CEO, Chairman, and Chief Financial Officer.

The New York Times reported over the weekend that Mr Musk had ordered massive layoffs across Twitter’s workforce.

Read Also  Sony achieves record annual sales and beats forecasts for net profit

The layoffs, according to the influential newspaper, would take place before November 1, when employees were due to receive grants of company stock as a major part of their pay packages.

The takeover has sparked debate among Twitter users about how the platform will look under Mr Musk’s ownership.

Some have expressed concern that more permissive free speech policies would allow people banned for hate speech or disinformation to return to the platform.

Mr Musk stated last week that he does not want the platform to become an echo chamber for hate and division. He tweeted, “Obviously, Twitter cannot turn into a free-for-all hellscape where anything can be said without repercussions.”

Read Also  Activision Blizzard: More than 20 staff leave after harassment claims

Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome & exclusive content in your inbox, every week.

We don’t spam! Read our privacy policy for more info.

InsiderBLM is a fast-growing business site with deep financial, media, tech, and other industry verticals.


- Never miss a story with notifications

- Gain full access to our premium content

We don’t spam! Read our privacy policy for more info.

Latest stories