After being fired by Elon Musk, who has officially acquired control of the microblogging platform in a $44 billion takeover agreement, Twitter’s senior executives stand to collect a combined total of $88 million — Parag Agrawal alone will get $38.7 million.
The former CEO of Indian descent is expected to get the greatest compensation of $38.7 million, in part because “to the entirety of his shares vesting upon his firing.” Ned Segal, Twitter’s chief financial officer, will receive $25.4 million, and Vijaya Gadde, its top legal officer, will make $12.5 million more after being let go.
However, Musk assured Twitter staff members during his visit to the company’s headquarters that when he takes over the microblogging platform, he will not fire 75% of the workers.
According to prior reports, Musk will let go 5,600 employees, or 75%, of the Twitter team worldwide.
In his tweets, Musk has casually discussed firing Twitter employees without providing a number. The anticipated staff reductions associated with the takeover continue to worry Twitter employees. They criticised Musk’s plans to fire 75% of the employees in an open letter to the board of directors and Musk.
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