Elon Musk fires top Twitter executives as he takes over company

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 77%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

After months of legal back-and-forth, Elon Musk has completed his $44 billion takeover of Twitter, taking control of the company and firing several of the company’s top executives including chief executive Parag Agrawal, via IrishTimesBiz

The reported firings follow news that Mr Musk planned to eliminate nearly 75 per cent of Twitter’s staff in an effort to pay down the company’s debt. Mr Musk later dismissed those reports, telling employees he would not cut such a large portion of the staff.

Mr Musk paid a visit to the company’s San Francisco headquarters on Wednesday, carrying a sink and visiting with staff. He has said he is purchasing the company “to try to help humanity”. Mr Musk became embroiled in a row with the company over the number of spam accounts on its platform, leading him to announce in July he was walking away from the transaction.

Despite internal confusion and low morale tied to fears of lay-offs or a dismantling of the company’s culture and operations, Twitter leaders this week have at least outwardly welcomed his arrival and messaging. Mr Musk has already signalled that he will reverse a permanent ban on Donald Trump, reflecting his stance as a self-confessed “free speech absolutist”.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in CA

Canada Canada Latest News, Canada Canada Headlines