Before Musk’s takeover of the social network began, rumors surfaced that he planned to fire 75 percent of the company’s employees. He allegedly rejected such figures when he visited Twitter’s headquarters in San Francisco, but it was evident that layoffs were still on the table. Musk’s first step after agreeing to buy Twitter was to remove previous CEO Parag Agrawal, Chief Financial Officer Ned Segal, and other key executives.
