Oct 31, 2022

Musk Twitter takeover: Billionaire denies report he plans to fire workers to avoid payouts

Elon Musk has denied a New York Times report that he plans to lay off Twitter workers before the start of next month to avoid having to make payouts. Last week, Mr Musk completed his $44bn takeover of the social media platform after months of legal wrangling. At the weekend, The New York Times reported that Mr Musk had ordered major job cuts across Twitter's workforce. The takeover has prompted discussion among Twitter users over what the platform will look like under Mr Musk's ownership. The New York Times headline referred to a reply Mr Musk had posted, and then deleted, at the weekend to a tweet by former US presidential candidate Hillary Clinton.

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