Digital Desk: Elon Musk, the new
"chief twit" of Twitter, has dismissed the board of directors and is
now the only director of the social media behemoth. This comes after Musk
rejected a rumor that the business had mass layoffs before November 1.
All former directors of Twitter are no
longer directors as a result of this action by the company's new owner.
The November 1 date was chosen
because, according to a source from earlier in the day, Musk wanted to avoid
paying the stock grants to sacked staff.
Musk immediately fired the company's
top executives, including CEO Parag Agrawal, CFO Ned Segal, and policy director
Vijaya Gadde, after buying the business for a staggering $44 billion.
Additionally, the Tesla CEO is said to
have ordered a staff to update the site's verification procedure by November 7
or they will be fired.
According to a different rumor, Musk may terminate 75% of
Twitter's employees, reducing the company's workforce from 7,500 to 2,000. The
billionaire has refuted this, yet there are still unfounded claims of layoffs.
Continue Reading
