Parag Agrawal and other top Twitter executives have been fired by Elon Musk.Getty Images/Reuters Elon Musk fired top Twitter execs "for cause" to avoid severance payments, The Information reported. He fired CEO Parag Agrawal and three other executives on Thursday as he completed his takeover. The execs are in line to receive up to $122 million in payouts, researchers Equilar told Reuters. Elon Musk fired top Twitter executives "for cause" in an attempt to avoid hefty severance payouts in the wake of his takeover of Twitter, The Information reported on Saturday.Musk removed Twitter CEO Parag Agrawal, chief financial officer Ned Segal, legal chief Vijaya Gadde, and general counsel Sean Edgett on Thursday after closing his $44 billion deal.A person familiar with the matter told The Information that Musk dismissed the executives "for cause" to try to avoid severance payouts and unvested stock awards, suggesting he had justification for their termination.

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