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Elon Musk’s Twitter Lays off 50 Employees Citing Cost Cuts

Twitter had become the centre of attention at the end of 2022, when Elon Musk, CEO of Tesla, purchased the popular social media site for a stunning $44 billion on October 27, 2022. As word of the acquisition spread like wildfire, many people expected substantial changes to occur under Musk’s leadership. One of the primary changes that was implemented by Musk was doing mass layoffs. The social media behemoth fired 3,700 employees in November as a part of its cost-cutting measures.  Now, according to the latest reports from the Information, Twitter has laid off 50 employees in the eighth round of job cuts.(watcher.guru)

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