Elon Musk seeks to radically change Twitter and therefore needs to get rid of the previous address, which will cost him tens of millions of dollars.
Elon Musk has assumed control of Twitter after a saga of months, after agreeing to the acquisition for 44 billion dollars in April this year.
It’s no secret that Musk hasn’t liked Twitter ‘s business performance or its role as a chat room.
That is why the billionaire has taken as one of his first actions to fire the top managers of Twitter.
Of course, they will leave very well rewarded.
Twitter and what the managers fired by Elon Musk will take
Payments to managers add penalties for untimely dismissals and the value of their shares on Twitter.
Parag Agrawal , who clashed with Elon Musk when he briefly joined the board of directors, is no longer CEO of Twitter. He will walk away with $38.7 million.
Ned Segal, Twitter ‘s chief financial officer or CFO, is also walking away with a $25.4 million “parachute.”
Vijaya Gadde, Twitter’s chief legal officer, will receive $12.5 million.
Sarah Peronette, Twitter’s head of customer service , will get $11.2 million for her termination.
Elon Musk takes over Twitter: Are more layoffs coming?
Despite the fact that he offered potential investors in the purchase to fire 75% of the employees, Elon Musk denied such a version after taking control of Twitter .
Likewise, Twitter and its culture will definitely change with the new owner, with some 700 employees who have already resigned since June in anticipation of the arrival of Elon Musk.