New York Times: Elon Musk Is Said to Have Ordered Job Cuts Across Twitter

New York Times: Elon Musk Is Said to Have Ordered Job Cuts Across Twitter. “The layoffs at Twitter would take place before a Nov. 1 date when employees were scheduled to receive stock grants as part of their compensation. Such grants typically represent a significant portion of employees’ pay. By laying off workers before that date, Mr. Musk may avoid paying the grants, though he is supposed to pay the employees cash in place of their stock under the terms of the merger agreement.”

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