Twitter's new CEO Musk announces layoffs, Dogecoin (DOGE) surges nearly 60% in 24 hours

Twitter CEO Parag Agrawal and CFO Ned Segal have been fired following the arrival of Twitter's new owner, Musk, reportedly with a severance package totaling $141 million; next, rumors suggest that Musk will carry out a significant layoff on Saturday, with a list of senior executives already prepared. Musk is not only the owner of Twitter, the leading social platform in the crypto world, but also a strong supporter of Dogecoin (DOGE). Recently, he launched quirky products like "Burnt Hair" perfume and Tesla-related items that can be purchased with Dogecoin.

Twitter CEO Parag Agrawal and CFO Ned Segal have been fired following the arrival of Twitter's new owner, Musk, with reported golden parachutes of $141 million; next, rumors suggest Musk will make massive layoffs on Saturday, with a list of senior executives already prepared. Musk, who not only owns the top social media platform in the crypto world, Twitter, but is also a strong supporter of Dogecoin (DOGE), recently launched novelty items such as "Burnt Hair" perfume and Tesla-related products that can be purchased with Dogecoin.

Regardless of the high correlation, Dogecoin (DOGE) has continued to surge since Musk confirmed his acquisition of Twitter, rising nearly 60% in the past 24 hours as of press time.