Twitter to make job cuts after Elon Musk takeover

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Twitter to make job cuts after Elon Musk takeover
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The social media giant says staff will be told on Friday whether they are to be laid off.

Twitter says it will inform its staff on Friday about whether they will be laid off following the firm's takeover by Elon Musk.

It added that office access would be limited "to help ensure the safety of each employee as well as Twitter systems and customer data".Reports in US mediathat Mr Musk was looking to cut 3,700 jobs, about half of Twitter's workforce. Cryptocurrency platform Binance invested in Twitter as part of Mr Musk's takeover. Earlier, Changpeng Zhao, its chief executive, said that "a slimmer workforce would make more sense".

In addition to the verification badge, those who pay could have their tweets promoted more widely and see fewer adverts.Twitter has not made a profit in several years and its number of users has remained fairly static at about 300 million a month.

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