Elon Musk’s , Twitter Layoffs Begin.<br />The Verge reports that an internal memo was sent to Twitter employees on Nov. 4.<br />In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday, Twitter, via internal memo.<br />We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company’s success moving forward, Twitter, via internal memo.<br />The memo doesn't state how many employees will be let go, but The Verge reports that nearly half of the company's 7,500 workers are expected to be cut.<br />Back in June, Musk touched on the fact that Twitter was spending more than it was bringing in.<br />Right now, the costs exceed the revenue. So that’s not a great situation to be in. , Elon Musk, via meeting with employees, as reported by The Verge.<br />And so there would have to be some rationalization of headcount and expenses to have revenue be greater than cost. , Elon Musk, via meeting with employees, as reported by The Verge.<br />Otherwise, Twitter is simply not viable or can’t grow, Elon Musk, via meeting with employees, as reported by The Verge.<br />The layoffs are part of the many changes <br />Musk has begun to implement since <br />taking over Twitter on Oct. 28.<br />Such changes include firing CEO Parag Agrawal, dissolving Twitter's board and raising the price of Twitter Blue.<br />Such changes include firing CEO Parag Agrawal, dissolving Twitter's board and raising the price of Twitter Blue
