Billionaire Elon Musk is making more cost-cutting moves at Twitter and may not pay severance packages to the thousands of workers he fired earlier this year, according to a report from The New York Times.
Since acquiring the social media company for $44 billion in October, Musk has restructured Twitter's legal department and disbanded a council that advises the site on safety issues in an effort to cut costs. Seven people privy to internal conversations at the company told the Times that Musk is preparing for potential litigation and, in anticipation, has instructed employees to withhold payments to vendors.
