Elon Musk denies firing Twitter employees

Twitter’s new owner, Elon Musk, has denied reports published by The New York Times about his plans to make layoffs before November 1, when employees were due to receive stock awards.

The Washington Post also announced that the boss of Tesla and SpaceX would consider firing some 75% of the 7,500 employees of his new company. “This is false,” said Musk, who clearly denied ordering job cuts at Twitter. According to multiple outlets, Musk also fired senior executives in a bid to avoid hefty severance packages.

Media cite Twitter chief executive Parag Agrawal, chief financial officer Ned Segal and director of legal and political affairs Vijaya Gadde, according to sources familiar with the matter. The richest man in the world accused them of misleading him and Twitter investors about the number of fake accounts on the social network. The Twitter boss also asked teams to relaunch Vine by the end of the year.

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