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Musk fired Twitter execs in attempt to avoid payouts, layoffs planned: reports

Twitter s new owner Elon Musk fired top executives in an effort to avoid hefty severance payouts, while lining up other layoffs as soon as Saturday to avoid stock grants due on Nov. 1, according to media reports on Saturday. ....

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Elon Musk Fired Twitter Executives in Attempt to Avoid Hefty Payouts: Reports

In a tweet on Saturday LightShed analyst Rich Greenfield said Musk fired top Twitter execs "for cause," preventing their unvested stock from vesting as part of a change of control. ....

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