Within a few hours of taking over the social networking site Twitter, Elon Musk fired 4 key executives.
Elon Musk, the world’s richest man, announced last April that he would fully buy the popular social networking site Twitter. In the negotiations that followed, he announced that he would buy it for 44 billion dollars (Rs. 30 thousand crores).
After that, he also posted a video on his Twitter page in which he went to the headquarters of the Twitter company in San Francisco, USA, with a basin used for washing hands, as a sign that he had taken over the company. Later, he held a brief consultation with the employees at the head office.
In this case, reports say that Musk closed a US$44 billion deal to buy Twitter on Thursday.
Elon Musk, who has taken full control of Twitter, has changed his Twitter account bio to ‘Chief Twit’ in order to fulfill the agreement with Twitter.
Action Delete: Twitter’s new owner, Elon Musk, has begun a clean-up of Twitter within the next few hours, firing at least four of the company’s key executives.
Namely, the company’s Indian-origin CEO Barak Agarwal, chief financial officer Nethsegal, top legal executive Vijaya Gade and general counsel Sean Edgett have been fired, according to reports.
Also, he is expected to bring many drastic changes.
In this case, while the Twitter company is owned by Elon Musk, CEO Barak Agarwal’s speech in a meeting of Twitter company employees is currently going viral on the web. That said, the future of Twitter under Elon Musk’s leadership is likely to be uncertain, and as the company changes hands, we don’t know which direction it will take.
It is noteworthy that Jack Dorsey stepped down as CEO last November due to pressure from members that his performance was not satisfactory to investors.
Elon Musk is said to have talked about layoffs to those who invested in Twitter two weeks ago. It is noteworthy that the company is planning to cut 75 percent of the existing 7,500 employees and run the company with a limited number of employees.