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Elon Musk denies report of terminating Twitter staff to avoid payouts

Elon Musk denies report of terminating Twitter staff to avoid payouts

Twitter Inc.s new owner Elon Musk has reportedly denied striking off Twitter staff before 1st November 2022, in order to dodge stock grants that were due on that day. Additionally, when a Twitter user asked about the layoffs, Tesla's CEO claimed the speculations to be untrue.

Sources stated that Musk has ordered job cuts across the organization, with certain teams to be reduced more severely than others. Notably, layoffs would occur before Nov. 1, when workers were supposed to start receiving stock awards as part of their remuneration.

Sources further cited that Musk sacked Twitter CEO Parag Agrawal, CFO Ned Seg