Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent in Gaza: The tower destroyed by the Israeli occupation in Gaza includes media offices, including Al Mayadeen's bureau.
Al Mayadeen's correspondent in Gaza: Four fetuses and three premature babies died at Nasser Medical Complex due to malnutrition
Lebanese Ministry of Health: One person was killed in an Israeli airstrike on a car in the town of Burj Qalawieh, south Lebanon.
Al Mayadeen correspondent: The first ship of the Maghreb fleet delivering aid to break the siege on Gaza departs from the port of Gammarth in Tunisia.
Channel 12: Airspace closed at Ramon Airport due to fears of drone infiltration
IOF Spokesperson: Sirens sounded over an aircraft infiltration in the Bir Ora area, and details are being examined
Drone infiltration sirens sound north of the Gulf of Aqaba
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out five extremely violent raids on the western areas of Gaza City
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out major bombings in the Gaza Strip, the most violent since October 7
Yemeni Armed Forces spokesperson Brigadier General Yahya Saree: The missile force carried out a major operation using the Palestine 2 ballistic hypersonic missile, hitting several targets in occupied Yafa.

Musk denies NYT report about premature layoffs to avoid severance pay

  • By Al Mayadeen English
  • Source: Agencies
  • 31 Oct 2022 12:29
3 Min Read

An analyst claims Musk fired the top execs "for cause" to prohibit their unvested stock from vesting as the change of control takes place. 

  • x
  • Elon Musk takes over Twitter (TechCrunch)
    Elon Musk takes over Twitter (TechCrunch)

A New York Times report released on Saturday about laying off Twitter employees earlier than November 1 in an attempt to avoid stock grants due on that day had new owner Elon Musk tweeting: "This is false."

What a guy. @elonmusk is making sure to fire people at Twitter before part of their year-end compensation *kicks in on Tuesday.* https://t.co/sEclZozKV5 pic.twitter.com/inw3vF0kIL

— Eric Umansky (@ericuman) October 29, 2022

According to The New York Times report, Musk launched job cuts across the company, with layoffs taking place before the date when employees are scheduled to receive stock grants as part of their compensation.

This is fake – I did *not* tweet out a link to The New York Times! pic.twitter.com/d6V6m5ATW2

— Elon Musk (@elonmusk) October 31, 2022

Twitter experienced an official takeover by self-named 'Chief Twit' after its top executives were fired on Thursday by the new owner, meaning the social media platform is now under the control of the world's richest man.

Chief executive Parag Agrawal, alongside Twitter's chief financial officer Ned Segal and legal affairs and policy chief Vijaya Gadde, were kicked to the curb, according to The Washington Post and CNBC reports, citing unidentified sources. The reports were published mere hours before the deadline appointed by the court for Musk to close in on the Twitter purchase deal.

Related News

Musk proves to be the anti-hero of Corporate America

'Chief Twit' warns of rough times if Twitter doesn't make new money

Musk claimed that he was misled by Twitter over the fake "bot" accounts - a claim rejected by the company. According to research firm Equilar, the executives were to receive separation payouts totaling approximately $122 million.

LightShed analyst Rich Greenfield posted on Twitter Saturday, claiming that Musk fired the top execs "for cause" to prohibit their unvested stock from vesting as the change of control takes place. 

Why is nobody writing about the fact that @elonmusk fired top Twitter execs “for cause,” preventing their unvested stock from vesting as part of a change of control@paraga @nedsegal & other top execs did an AMAZING job for shareholders holding Musk to $54.20 agreement he signed pic.twitter.com/1gEjAyN4xH

— Rich Greenfield, LightShed 🔦 (@RichLightShed) October 29, 2022

On Friday, Reuters was told by the director of research at Equilar, Courtney Yu, that fired execs Agrawal, Segal, and Gadde "should be getting these (severance) payments unless Elon Musk had cause for termination, with cause in these cases usually being that they broke the law or violated company policy."

Speaking of policies, under the pressure of public concerns that hateful content will increase on the platform under his leadership, Musk announced that a special unit for content moderation was created on Friday. 

According to Musk in a recent tweet, a "better idea" for this would involve splitting the platform into different strands, in such a way that it would look similar to video game-style modes. This includes a "player versus player" version where verified accounts can participate in debates over specific tweet posts.

Dear Twitter Advertisers pic.twitter.com/GMwHmInPAS

— Elon Musk (@elonmusk) October 27, 2022

  • Parag Agrawal
  • Chief Twit
  • Elon Musk
  • Ned Segal
  • Twitter

Most Read

The damaged building in the Katara neighborhood, Doha, Qatar, September 9, 2025 (Social media)

Hamas delegation survives Israeli assassination attempt in Qatar

  • Politics
  • 9 Sep 2025
Pro-"Israel" conservative Charlie Kirk shot during Utah speech

American far-right activist Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025
A screengrab from the ad played on Fox News. (X Screengrab)

Fox airs ad warning Trump not to let Netanyahu 'play' him on Gaza

  • US & Canada
  • 11 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Australia warned of deadly climate risks in landmark report
Environment

Millions at risk from rising seas, extreme heat in Australia: Report

DPRK leader Kim Jong Un inspects a new weapons factory in undisclosed location, Democratic People's Republic of Korea, August 31, 2025 (AP)
Politics

DPRK defies US, says nuclear state status 'permanently enshrined'

Soldier F faces trial over bloody Sunday killings after 53 years
Miscellaneous

British Soldier F faces trial over Bloody Sunday killings after 53 yrs

Pro-Palestinian protesters demonstrate at the University of Sydney to protest the Israel Hamas war, Wednesday, April 24, 2024 (AP)
Politics

Protest outside ABC decries media silence on Gaza journalist killings

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS