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Evening Standard
Evening Standard
World
Robert Dex

Twitter sackings aren’t to save cash, says Elon Musk

Elon Musk Twitter Inc. United States Nancy Pelosi Paul Pelosi

Twitter’s new owner Elon Musk

(Picture: REUTERS)

Twitter’s new owner Elon Musk on Monday denied reports he plans to sack staff at the social media giant to avoid paying out planned bonuses.

The world’s richest man, who bought the platform in a £38 billion deal last week, responded to a Twitter user asking about a New York Times report on plans to lay off employees before they were scheduled to get shares on November 1. Musk, who describes himself on the site as “Chief Twit”, tweeted: “This is false”.

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