Tuesday, April 16, 2024
HomeSci-TechTwitter Becomes Officially Elon Musk Company

Twitter Becomes Officially Elon Musk Company

Musk Fired The CEO, CFO, And Policy Director As Soon As He Walked Into The Twitter Headquarters

After months of legal hurdles, criticism, and struggle, Tesla CEO Elon Musk has now officially added Twitter to his list of companies he owns. To mark the acquisition, the new owner entered the Twitter offices with a sink in his hands and swiftly sacked CEO Parag Agrawal.

Along with Agrawal, Musk fired a slew of other staffers, including Twitter’s policy chief Vijaya Gadde and chief financial officer Ned Segal, as well as general counsel Sean Edgett, chief customer officer Sarah Personette, and top financial officer Ned Segal.

According to news reports, many of these employees were present when Musk entered the building. Many of these sacked employees were escorted out of the building by security agents.

However, all of the laid-off employees were compensated well. Segal received $25.4 million, Gadde received $12.5 million, Agrawal received $38.7 million, and Personette received $11.2 million.

Musk’s acquisition of Twitter has a long and tangled history. In April, the billionaire announced his intention to buy the company. Musk, on the other hand, chose to terminate the deal after only one month. He changed his mind again in October and is now the sole owner of the company.

Musk has been making people laugh with humorous tweets on the situation since acquiring Twitter. “The bird is released,” Elon Musk said on Twitter today, referring to his acquisition of Twitter.

People, particularly active Twitter users, are guessing about Musk’s business objectives, while others are concerned about the changes that may occur after he becomes CEO. We should expect a layoff at Twitter since, according to Musk, a large portion of the company’s employees will be let go.

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