Elon Musk said he had ‘no choice’ but to slash staff numbers at Twitter, because the company is losing more than $4m (£3.5m) a day.
Half of the social media site’s staff are being let go, a week after the Tesla boss bought the company.
An internal email sent on Friday said the mass job cuts were “unfortunately necessary to ensure the company’s success moving forward”.
Mr Musk has been looking for ways to cut costs and make more money on the platform, such as proposing verified users pay $8 (£7) per month to keep their blue tick.
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