No choice when Twitter is losing over $4 million per day: Elon Musk on layoffs

World's richest person Elon Musk said there was no choice other than to reduce Twitter's workforce as the company is losing more than $4 million per day. The company fired 50% of its workforce on Friday, a week after Musk took over control. "Everyone exited was offered 3 months of severance, which is 50% more than legally required," he said.