The radical changes at Twitter have well and truly begun. After Elon Musk finally completed the $44 million takeover of the microblogging site, he has gotten right down to business and fired top executives.?
Departures include Twitter Chief Executive Officer Parag Agrawal; Vijaya Gadde, the head of legal, policy and trust; Chief Financial Officer Ned Segal, who joined Twitter in 2017; and Sean Edgett, who has been general counsel at Twitter since 2012.?
Parag, who served as a CEO for less than a year, could walk away with a severance payout of?$42 million.??
The news of Parag's exit has sent desi Twitter into a frenzy. While some wrote that they knew that the decision to fire Agarwal was on the cards, others offered alternative job ideas to him.?
According to reports, being the CEO, Parag's total compensation was $30.4 million and he was reportedly paid $1 million a year for his position.?
He will receive an estimated amount of $42 million as a severance package after being booted out.?
Parag joined Twitter in 2011, and since October 2017, he started working as the chief technology officer, where he was in charge of the firm's technical strategy.?
The Musk buyout means Twitter shareholders will be paid $54.20 per share, and the microblogging site will now operate as a private company.?
Musk's ownership will bring immediate disruption to Twitter's operations, in part because many of his ideas for how to change the company are at odds with how it has been run for years.?
He has said he wants to ensure "free speech" on the social network, which is likely to mean looser content moderation standards, and plans to restore some high-profile accounts that were kicked off Twitter for breaking rules, such as former U.S. President Donald Trump's.?
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