Elon Musk Fires Parag Agrawal After Twitter Takeover; Here’s How Much Former CEO, Other Top Executives Will Receive in ‘Largest Payout’

New Delhi, Oct 28: Twitter’s top executives stand to make a total of $88 million between them — Parag Agrawal alone will get $38.7 million — after being ousted by Elon Musk who has finally taken over the micro-blogging platform in a $44 billion takeover deal.

According to Insider, the former Indian-origin CEO is set to receive the largest payout of $38.7 million, largely due “to the entirety of his shares vesting upon his firing”. Elon Musk to Become Twitter CEO and Reverse Lifetime Bans On Blocked Accounts

Twitter’s chief financial officer Ned Segal, is set to receive $25.4 million and Vijaya Gadde, the chief legal officer, will be richer by $12.5 million after firing. Elon Musk Sends Message To Twitter Advertisers, Explains How He Wants Advertisements To Be For Users

Sarah Personette, the chief customer officer, would get $11.2 million.

Musk is expected to reorganise Twitter and cut the workforce by a massive margin.

Musk, however, told Twitter employees during his visit to its headquarters that he is not going to lay off 75 per cent of the workforce when he takes over the micro-blogging platform.

Reports earlier mentioned that Musk will fire 75 per cent, or 5,600 employees, from the Twitter staff globally.

Musk has casually mentioned laying off Twitter staff in his tweets, without mentioning any figure.

Twitter employees are still anxious about expected staff cuts as part of the takeover.

They had written an open letter to the board of directors and Musk, criticising his plans to lay off 75 per cent of the workforce.

(The above story first appeared on Today News 24 on Oct 28, 2022 01:29 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website todaynews24.top).