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Elon Musk refutes Twitter layoff timing to affect year-end compensation


Elon Musk, Chief Twit, has refuted claims from a New York Times report this weekend that states he plans to lay off employees before Tuesday, November 1, thus cutting staff off from receiving stock grants as part of their compensation.
In response to a tweet from Eric Umansky, deputy managing editor of ProPublica, that said Musk was “making sure to fire people at Twitter before part of their year-end compensation kicks in on Tuesday,” Musk said: “This is false.” He didn’t provide any clarification about what, specifically, was false.

Umansky’s tweet included a screenshot of a highlighted portion of the NYT story that also noted stock grants make up a significant portion of an employee’s pay, and by laying off workers before that da …

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