Twitter Inc started a sizeable round of layoffs on Friday, alerting employees of their job status by email after barring entrances to offices and cutting off workers\u2019 access to internal systems overnight.
\nAccording to international media, the move follows a week of chaos and uncertainty about the company\u2019s future under new owner Elon Musk, the world\u2019s richest person, who tweeted on Friday that the service was experiencing a \u201cmassive drop in revenue\u201d as advertisers pulled spending.
\nMusk did not confirm or correct investor Ron Baron at a Friday conference in New York when he asked the billionaire Tesla CEO how much money he would save after he \u201cfired half of Twitter\u201d.
\nMusk responded by talking about Twitter\u2019s cost and revenue challenges and blamed a coalition of civil rights groups who urged big companies to halt advertising on the platform. Musk has not commented on the layoffs themselves.
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