Musk Twitter takeover: Billionaire denies report he plans to fire workers to avoid payouts

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Musk Twitter takeover: Billionaire denies report he plans to fire workers to avoid payouts
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The world's richest man completed his takeover of the platform last week after months of legal wrangling.

Elon Musk has denied a New York Times report that he plans to lay off Twitter workers before the start of next month to avoid having to make payouts.Last week, Mr Musk completed his $44bn takeover of the social media platform after months of legal wrangling.

At the weekend, The New York Times reported that Mr Musk had ordered major job cuts across Twitter's workforce.The newspaper said the layoffs would take place before 1 November, when workers were due to receive grants of shares in the company as a major part of their pay deals. Some have voiced concerns that more lenient free speech policies would mean people banned for hate speech or disinformation may be allowed back to the platform.

However after denying the New York Times job cuts report, Mr Musk tweeted a screen shot of a New York Times headline about him posting a link to a "site known to publish false news".

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