Twitter loses $4m due to large workforce – Elon Musk defends mass layoffs

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Elon Musk has defended laying off around half of Twitter’s workforce just one week after taking over the business.

The world’s richest man says he had “no choice” after 50% of Twitter employees were fired on Friday, Nov. 4.

In a Tweet posted on Nov. 5, Musk said “regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day.”

Musk maintained that “Twitter’s strong commitment to content moderation remains absolutely unchanged.”