BREAKING: Elon Musk Fires Twitter CEO, Other Top Executives

Elon Musk, Tesla CEO and the new owner of Twitter, has fired Chief Executive Officer Parag Agrawal and several other top executives of the microblogging site following his $44 billion acquisition of the social media platform.

The Twitter executives fired on Thursday included Ned Segal, the chief financial officer, Vijaya Gadde, the top legal and policy executive, and Sean Edgett, the general counsel at Twitter since 2012.

Mr Musk completed his takeover of Twitter before the end of the court-imposed deadline of October 28.

His actions followed the speculations of mass layoffs upon his acquisition of the company.

Last week, an exclusive report by The Washington Post cited interviews and documents, purporting that Mr Musk had told prospective investors that as part of his deal to buy Twitter, he would get rid of nearly 75 per cent of the company’s 7,500 workers.

Twitter clarified afterwards to its staff that there were no plans for company-wide layoffs.

In an open letter on Thursday, Mr Musk spoke to Twitter’s advertisers about the platform’s future, saying he does not want the platform to become a “free-for-all-hellscape where anything can be said with no consequences.”

Mr Musk said he planned to reverse the permanent bans of accounts previously removed from the platform for violating its rules, including former President Donald Trump’s.