Twitter said it will start laying off employees on Friday, as the new billionaire owner Elon Musk moves quickly after his big takeover to make the messaging platform financially sound.

A company-wide email seen by AFP says Twitter employees will receive word via email at the start of business Friday, California time, as to what their fate is.

It does not give a number but the Washington Post and New York Times reported that about half of Twitter’s 7,500 employees will be let go.

Edited By-SPT