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The first episode of the Twitter-Elon Musk story has concluded, but there is much more to come. After first stating that he had no interest in purchasing Twitter, Musk agreed to the purchase after the firm threatened to sue him. Elon Musk has officially taken over as owner and (temporary?) CEO of Twitter and his first move was to remove key executives.
Musk fires Twitter executives and plans even more layoffs
According to The New York Times, Elon Musk began his new role as Twitter’s owner and CEO by “cleaning house at Twitter” on Thursday, with the departure of at least four key employees. Former CEO Parag Agrawal, Twitter CFO Ned Segal, policy executive Vijaya Gadde, and general counsel Sean Edgett are among those involved.
The layoffs do not appear to have occurred in a pleasant environment. According to anonymous New York Times sources, at least one of the executives was “escorted out of Twitter’s headquarters,” and none of the executives named in the piece replied to demands for comment.
Musk has until Friday to finalize the Twitter acquisition. On Wednesday, the billionaire was pictured speaking with engineers and executives at the company’s headquarters. Elon Musk has publicly stated his intention to make significant changes to Twitter, particularly the moderation policies. He also intends to lay off additional workers.
During this debate, Twitter co-founder Jack Dorsey resigned from the company’s board, and Musk and then-CEO Parag Agrawal have been feuding ever since. At this time, no one knows what Twitter’s future will be with Elon Musk as CEO. We also don’t know if Musk will choose someone else as Twitter’s CEO in the future.
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