New owner says company is losing $4m a day as he tries to reassure advertisers over content moderation
Elon Musk has defended the mass layoffs at Twitter by saying axed employees received a three-month payment from the company, which is losing more than $4m (£3.5m) a day.
The social media company began widespread staff cuts around the world on Friday, with suggestions as many as half of its more than 7,500 staff could lose their jobs.
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