The primary chapter of the saga between Twitter and Elon Musk has come to an finish, however there’s rather more to return. After first saying that he now not had any curiosity in shopping for Twitter, Musk determined to comply with the deal after the corporate threatened to sue him. Now Elon Musk has formally taken over as proprietor and (momentary?) CEO of Twitter, and his first motion there was to fireside prime executives from the corporate.
Musk fires Twitter executives and plans much more layoffs
As reported by The New York Instances, Elon Musk began his new job as Twitter proprietor and CEO by “cleansing home at Twitter” with the resignation of not less than 4 prime executives on Thursday. This consists of former firm CEO Parag Agrawal, Twitter CFO Ned Segal, coverage government Vijaya Gadde, and normal counsel Sean Edgett.
The layoffs don’t appear to have occurred in a pleasant scenario. Nameless NYT sources say that not less than one of many executives was “escorted out of Twitter’s workplace.” Not one of the executives talked about by the report responded to requests for remark.
Musk had till Friday to finish the acquisition of Twitter. On Wednesday, the billionaire was seen on the firm’s headquarters speaking to engineers and a few executives. Elon Musk has publicly expressed his need to make main modifications to Twitter, particularly relating to the moderation guidelines. He additionally plans to put off extra workers.
The saga between Musk and Twitter started in April, when the Tesla CEO introduced that he would purchase the social community for $44 billion. Nonetheless, after just a few months, Musk backed out of the deal, which resulted in Twitter suing him for not honoring the acquisition. Earlier this month, Musk reconsidered the deal and determined to purchase Twitter.
Throughout this dispute, Twitter co-founder Jack Dorsey left the corporate’s board whereas then CEO Parag Agrawal and Musk had been clashing ever since. At this level, nobody actually is aware of what the way forward for Twitter might be with Elon Musk as CEO. We additionally don’t know if Musk will select another person to be the CEO of Twitter sooner or later.
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