Elon Musk Closes Twitter Deal, With At Least Four Twitter Executives Fired as the Billionaire Takes Over

Elon Musk has closed his $44 billion Twitter deal and started employee firings, starting with the social media company's four top executives, according to two people familiar with the matter.

The New York Times reported that the Twitter top executives who were fired include the company's chief executive, Parag Agrawal; chief financial officer, Ned Segal; top legal and police executive, Vijaya Gadde; and the general counsel of the company, Sean Edgett.

The people who spoke on the condition of anonymity said at least one of the executives fired was escorted out of the company's headquarters.

Agrawal was appointed Twitter's chief executive last year and had publicly and privately clashed with Musk in recent months about the takeover.

Musk also criticized Gadde for her role in content moderation decisions at the company.

The Tesla CEO was reported to have arrived at the company's headquarters on Thursday carrying a sink and me with engineers and advertising executives before the firing became public in the evening.

Elon Musk Twitter Takeover

Elon Musk has changed his Twitter bio to "chief twit" and tweeted a video of himself entering the company's San Francisco headquarters.

Musk was reported telling possible investors that he wanted to clean up about 75% of Twitter's workforce once he takes control of the platform.

Employees of the social media platform slammed the Space X owner for his plan.

Employees drafted a letter noting that the threats "have an impact" on them as workers while also showing a "fundamental disconnect with the realities of operating Twitter," according to a Deadline report.

The letter added that it threatens their livelihoods, access to essential healthcare, and the ability for "visa holders to stay in the country they work in."

The employees added in their letter that they cannot conduct their work "in an environment of constant harassment and threats."

The workers emphasized that there will be no Twitter without their work.

Andy Wu, who teaches business strategy at Harvard Business School, said Musk has no experience managing organizational change, as reported by NPR.

Wu added that there is definitely "an embedded culture at Twitter" that the billionaire will have to change to achieve some of his goals.

Elon Musk Vs. Twitter Lawsuit

Al Jazeera report noted that a Delaware judge has paused Twitter's lawsuit against Musk until October 28 to allow the Tesla founder's takeover deal to close.

Twitter earlier expressed its opposition to Musk's request to halt the lawsuit against him. Twitter argued that the billionaire should close the deal for $44 billion and the litigation should head to trial until he closes the deal.

Musk committed to buying the social media platform in April. However, the deal soured, and an onslaught of lawsuits ensued.

The billionaire raised $15.4 billion by selling Tesla shares this year and is depending on large investors for the remaining amount of the financing.

READ MORE: Elon Musk Warns World: Global Recession Could Last 'Until Spring '24'

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Written by: Mary Webber

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