New Delhi: Twitter’s top executives will make a combined $88 million between them — Parag Agrawal alone will get $38.7 million — after being ousted by Elon Musk, who finally took over the micro-blogging platform in a $44 billion acquisition deal .
According to Insider, the former Indian-origin CEO is set to receive the largest payout of $38.7 million, largely due to “all of his shares vested upon his termination.”
Twitter’s CFO Ned Segal will get $25.4 million and Vijaya Gade, the chief legal officer, will be $12.5 million richer after being fired.
Sarah Personet, the chief customer officer, will receive $11.2 million.
Musk is expected to reorganize Twitter and lay off a huge workforce.
However, Musk told Twitter employees during his visit to the headquarters that he will not lay off 75 percent of the workforce when he takes over the microblogging platform.
It was previously reported that Musk would lay off 75 percent, or 5,600 employees, of Twitter’s global staff.
Musk casually mentioned Twitter’s layoffs in his tweets without mentioning any numbers.
Twitter employees are still reeling from expected layoffs as part of the takeover.
They had written an open letter to the board of directors and Musk criticizing his plans to cut 75 percent of the workforce.