Musk defends Twitter layoffs, says company losing over $4M per day ...Middle East

The Hill - Technology
Musk defends Twitter layoffs, says company losing over $4M per day
source : The Hill ( Middle East ) () 280
Twitter chief Elon Musk defended his choice to cut half of the company’s workforce on Friday, saying that his newly acquired business is losing large sums of money fast. “Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day,” wrote Musk on Friday evening. Musk officially closed his $44 billion deal to acquire Twitter late last month, and afterward, he quickly fired five of the company’s top executives. The SpaceX and Tesla CEO also dissolved Twitter’s board of directors, appointing himself as CEO of the company. Twitter sent an email to its employees on Thursday preparing them for the personnel cuts, writing that its leade

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