Elon Musk has countered reports of Twitter Inc (NYSE:TWTR) job cuts to avoid staff payments after his US$44bn takeover of the social media platform last week, calling the allegations false.
A report by the New York Times said Twitter workers were afraid of losing their jobs so Musk could avoid paying previously promised compensation worth over US$100mln, due on 1 November.
Musk replied to a screenshot of the story on Twitter, simply saying “this is false”.
Following his takeover of Twitter last week, which now sees Musk calling himself “Chief Twit”, several reports have come out about potential changes he will make to the social media platform.
These include potential plans for verified users to be charged to have the blue ticks in their profiles, changes to the platform’s content moderation policies, as well as reports of Tesla Inc (NASDAQ:TSLA) staff being drafted in to work at Twitter.