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

Elon Musk has denied a New York Times study that helium plans to laic disconnected Twitter workers earlier the commencement of adjacent period to debar having to marque payouts.

Replying to a Twitter idiosyncratic asking astir the report, helium said: "This is false."

Last week, Mr Musk completed his $44bn (£37.9bn) takeover of the societal media platform, bringing to an extremity months of ineligible wrangling.

The buyout saw the exit of the firm's apical bosses - including its main executive, president and concern chief.

At the weekend, The New York Times reported that Mr Musk had ordered large occupation cuts crossed Twitter's workforce.

The paper said the layoffs would instrumentality spot earlier 1 November, erstwhile workers were owed to person grants of shares successful the institution arsenic a large portion of their wage deals.

The takeover has prompted treatment among Twitter users implicit what the level volition look similar nether Mr Musk's ownership.

Some person voiced concerns that much lenient escaped code policies would mean radical banned for hatred code oregon disinformation whitethorn beryllium allowed backmost to the platform.

Last week Mr Musk said that helium doesn't privation the level to go an echo enclosure for hatred and division. "Twitter evidently cannot go a free-for-all hell-scape, wherever thing tin beryllium said with nary consequences!" helium tweeted.

However aft denying the New York Times occupation cuts report, Mr Musk tweeted a surface changeable of a New York Times header astir him posting a nexus to a "site known to people mendacious news".

The New York Times header referred to a reply Mr Musk had posted, and past deleted, astatine the play to a tweet by erstwhile US statesmanlike campaigner Hillary Clinton.

His reply contained a nexus to a conspiracy mentation astir an battle connected Paul Pelosi, hubby of US House talker Nancy Pelosi.

Separately, successful effect to a question astir users getting verified, and summation a coveted alleged "blue cheque mark", connected the platform, helium said the process volition beryllium revised.

"Whole verification process is being revamped close now", Mr Musk said without giving further details.

It had been reported that the steadfast was considering charging to go verified.

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