Elon Musk denies reports he plans to fire workers to avoid payouts
Billionaire Elon Musk – who recently bought Twitter – has denied a report that he plans to lay off Twitter workers before the start of next month to avoid having to make payouts.
Replying to a Twitter user asking about the report, he said: “This is false.”
Mr Musk – the world’s richest man, completed his $44bn Twitter takeover after months of back and forth.
Following the buyout, top Twitter bosses were fired.
The New York Times reported that Elon Musk had ordered major job cuts across Twitter’s workforce.
The newspaper said the layoffs would take place before 1 November, when workers were due to receive grants of shares in the company as a major part of their pay deals.
