The billionaire has fired the entire board and now stands as
the sole owner of the world's biggest micro-blogging site. Musk is already
planning on a firing spree if US media reports are to be believed.
The firing spree seems to have commenced on day zero of the
Twitter acquisition. The top executives of the company were fired which
included the former CEO Parag Agrawal, the CFO Ned Segal, and the legal and
policy head, Vijaya Gadde.
Elon Musk, in a separate SEC filing, announced that now he
is the CEO of Twitter. With this move, Musk is both the director of Twitter and
also CEO. However, in one of the comments congratulating him, Musk claimed that
his position as CEO is temporary. He did not specify why.
Musk is already leading SpaceX which is a rocket and space
travel company, Neuralink, a brain-chip startup and the Boring Company which
essentially creates tunnels. Musk's biggest brand still remains Tesla, a
company that builds electric vehicles.
A new report from Washington Post claimed that Musk is planning
to fire around 25 per cent of the entire workforce of Twitter. Musk has
publicly shared his displeasure with the management of the company, claiming
that there are around 10 managers for every single coder in the company.
Several reports from US media have suggested that musk has
asked the managers at the company to start forming lists of employees they plan
to fire.
Musk has also confirmed that Twitter will be revamping the
entire verification system.
A report by The Verge claimed that the verification will be
coupled with a Twitter Blue subscription. The Twitter Blue is expected to be
priced at $20.