Elon Musk to immediately terminate ‘around 50%’ of Twitter’s staff: Report

Musk has a financial benefit of slashing payroll in the coming days.

Twitter employees are scheduled to receive stock grants as part of their compensation on Nov. 1. The grants comprise a “significant portion” of employees’ compensation, according to four anonymous sources who informed the NYT. Musk may reportedly be able to avoid paying some of the grants if the Twitter employees are terminated before Tuesday. The grants were part of the conditions of Musk’s acquisition deal with Twitter to bring the company private.

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