Twitter’s new owner Elon Musk has denied a New York Times report about laying off Twitter employees at a date earlier than November 1 to avoid stock grants due on the day. The report said that Musk has ordered job cuts across the company, with some teams to be trimmed more than others.
Twitter’s new owner Elon Musk has denied a New York Times report about laying off Twitter employees at a date earlier than November 1 to avoid stock grants due on the day.
In a response to a Twitter user asking about the layoffs, Musk tweeted: “This is false.”
The New York Times reported on Saturday that Musk has ordered job cuts across the company, with some teams to be trimmed more than others and that layoffs would take place before November 1 date, when employees were scheduled to receive stock grants as part of their compensation.
