Elon says Twitter is bleeding $4 million daily and he needs to fire people to keep it under control

When Elon took over Twitter, he made a bid for the company while forgetting what it will take to fund the company successfully. Elon Musk and his team now own the majority of Twitter, and now they have to keep the light on at the company so they decided to fire people. Twitter is spending $4 million per day and Elon is not happy with that. 

Elon calls this a reduction of force.   Earlier today, Investingport reported that Elon Musk has fired all Twitter staff in India. Following the massive layoffs, Elon explained why he fired people.

“Regarding Twitter’s reduction in force, unfortunately, there is no choice when the company is losing over $4M/day.

Everyone exited was offered 3 months of severance, which is 50% more than legally required.” – Elon

"Yesterday’s reduction in force affected approximately 15% of our Trust & Safety organization (as opposed to approximately 50% cuts company-wide), with our front-line moderation staff experiencing the least impact." - Twitter

A lot of Twitter workers will now have to go find work somewhere else. Maybe Twitter workers in Nigeria are next. We watch.