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Elon Responds

  • Elon Musk, Twitter’s new owner and the CEO of Tesla, denied a report by the New York Times that alleged he would fire Twitter employees just before receiving their November 1 compensation in the form of stock grants.
  • “This is false,” Musk responded to a tweet by ProPublica’s deputy managing editor, Eric Umansky, highlighting the New York Times report.
  • “The layoffs at Twitter would occur before a Nov. 1 date when employees were scheduled to receive stock grants as compensation. Such grants typically represent a significant portion of employees’ pay.”
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