Elon Musk’s first day owning Twitter leads to havoc and a possible hoax about layoffs

Submitted by predictany007 t3_yfz64h in wallstreetbets

On Elon Musk’s first day in control of Twitter, a person who walked out of the company’s San Francisco headquarters and identified themselves as a data engineer there said they were just laid off. CNBC was not able to immediately verify the identity of that person and one other who made a similar claim.

One employee at Twitter, awaiting information about layoffs or projects, told CNBC they were in the dark for the most part. Musk was meeting with relatively low-ranking engineering managers, this person noted —a welcome gesture to some. Press reports before the deal closed said that Musk had planned cuts as deep as 75% of headcount.

Twitter did not respond to repeated requests for comment about layoffs.

Musk finally took over the company on Thursday, ending a months-long legal saga. The billionaire Tesla and SpaceX CEO initially agreed to buy the company for $44 billion, but soon after tried to get out of the deal because he claimed Twitter was not forthcoming enough about spam accounts on the platform. Twitter has denied that and went to court to try to get Musk to complete the deal.

Prior to the original trial date earlier this month, Musk agreed once again to close the deal. The judge gave Musk until Friday at 5 p.m. to close the deal, or else set a new trial date.

On Thursday, several top executives departed the company, including CEO Parag Agrawal and CFO Ned Segal, CNBC’s David Faber reported. Twitter’s head of legal policy, trust and safety Vijaya Gadde was also fired.

https://www.cnbc.com/2022/10/28/musk-first-day-owning-twitter-leads-to-havoc-and-possible-hoax-.html

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VisualMod t1_iu5xlmg wrote

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>TL;DR: On Elon Musk’s first day in control of Twitter, an employee walked out of the company’s San Francisco headquarters and said they were just laid off. CNBC was not able to immediately verify the identity of that person.

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VisualMod t1_iu5xm80 wrote

>This is just the beginning. Expect more layoffs and departures in the coming days as Musk looks to streamline Twitter's operations.

6

mikeywayup t1_iu5yrdq wrote

Their head lawyer making 17m a year? Best believe her layoff was warranted

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JesseJames3rd t1_iu61686 wrote

Dorsey no longer involved at all? Anyone know for sure?

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Clean-Step t1_iu6aw0e wrote

Will he delist Titter or not?

2