Musk fired Twitter executives in attempt to avoid payouts, layoffs planned, reports say - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Twitter’s (TWTR.N) new owner Elon Musk fired top executives in an effort to avoid hefty severance payouts, while lining up other layoffs as soon as Saturday to avoid stock grants due on November 1, according to media reports on Saturday.

FILE PHOTO: Elon Musk's account and the Twitter logo are seen in this illustration taken October 28, 2022.FILE PHOTO: Elon Musk's account and the Twitter logo are seen in this illustration taken October 28, 2022.

Musk fired Twitter Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal and legal affairs and policy chief Vijaya Gadde on completion of a high-profile $44 billion buyout of the social media platform on Thursday, people familiar with the matter told Reuters. Citing unidentified people familiar with the matter, The Information reported that Elon Musk terminated four top Twitter executives, including Agrawal and Segal “for cause,” in an apparent effort to avoid severance pay and unvested stock awards.

Director of research at Equilar Courtney Yu told Reuters on Friday that the fired Twitter executives “should be getting these payments unless Elon Musk had cause for termination, with cause in these cases usually being that they broke the law or violated company policy.”

 

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JESUS

Luiz Inacio Lula da Silva....Lula it's for Brazil. Congrats as the new President.

Buthe Said it's a LIE!!!, 🙄

Fake news

This is plain lazy journalism! If any of you clowns bothered to verify your source, simply go through his twitter feed elonmusk, and you'll find that that he has rubbished this news as false!

Good. They should do this with Eskom.

Ah... he who laughs last🤭

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